Published on 6/28/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $250,000 Super Track notes linked to FTSE 100 index
By Jennifer Chiou
New York, June 28 - Barclays Bank plc priced $250,000 of 0% Super Track notes due Dec. 30, 2016 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.54 times the index return.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond the 25% buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Super Track notes
|
| Underlying index: | FTSE 100
|
| Amount: | $250,000
|
| Maturity: | Dec. 30, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 154% of index return; par if index stays flat or declines by up to 25%; exposure to losses beyond 25%
|
| Initial level: | 6,101.91
|
| Pricing date: | June 25
|
| Settlement date: | June 28
|
| Agent: | Barclays
|
| Fees: | 2.75%
|
| Cusip: | 06741TWY9
|
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