Published on 4/28/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $660,000 buffered Super Track notes linked to Russell
By Susanna Moon
Chicago, April 28 - Barclays Bank plc priced $660,000 of 0% buffered Super Track notes due April 28, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 21.45%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | Russell 2000
|
| Amount: | $660,000
|
| Maturity: | April 28, 2016
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 21.45%; par if index falls by up to 10%; exposure to losses beyond 10%
|
| Initial level: | 1,144.35
|
| Pricing date: | April 24
|
| Settlement date: | April 29
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741UCG7
|
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