Published on 4/15/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.82 million Super Track notes linked to FTSE 100
By Angela McDaniels
Tacoma, Wash., April 15 – Barclays Bank plc priced $8.82 million of 0% Super Track notes due Oct. 18, 2018 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 170% of the index return. If the index declines by 25% or less, the payout will be par. If the index declines by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | FTSE 100
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Amount: | $8,823,000
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Maturity: | Oct. 18, 2018
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index return is positive, par plus 170% of index return; if index declines by 25% or less, par; if index declines by more than 25%, 1% loss for every 1% that final index level is less than initial index level
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Initial index level: | 7,064.30
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Barrier level: | 5,298.23, 75% of initial index level
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Pricing date: | April 13
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Settlement date: | April 16
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Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 06741UUE2
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