Published on 11/14/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $8.49 million SuperTrack notes linked to FTSE 100
By Wendy Van Sickle
Columbus, Ohio, Nov. 14 – Barclays Bank plc priced $8.49 million of 0% SuperTrack notes due May 7, 2021 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 2.15 times the index return.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline below the initial level if the index finishes below the 70% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | FTSE 100
|
| Amount: | $8,492,000
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| Maturity: | May 7, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 215% of any index gain; par if final index level is less than or equal to initial level but greater than or equal to barrier level; 1% loss for each 1% that index declines from initial level if final index level is less than barrier level
|
| Initial index level: | 7,487.96
|
| Barrier level: | 5,241.57, 70% of initial level
|
| Pricing date: | Nov. 1
|
| Settlement date: | Nov. 6
|
| Agent: | Barclays
|
| Fees: | 2.75%
|
| Cusip: | 06744CKW0
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