Published on 2/3/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $365,000 buffered SuperTrack notes linked to FTSE 100
By Tali Rackner
Norfolk, Va., Feb. 3 – Barclays Bank plc priced $365,000 of 0% buffered SuperTrack notes due March 29, 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 1.5 times the index return, subject to a maximum return of 14%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the index may decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying index: | FTSE 100
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| Amount: | $365,000
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| Maturity: | March 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at 14%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond 10%
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| Initial level: | 7,161.49
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Barclays
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| Fees: | 1.25%
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| Cusip: | 06741VGY2
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