Published on 7/1/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $105,000 buffered SuperTrack notes linked to S&P, Russell
By Tali Rackner
Norfolk, Va., July 1 – Barclays Bank plc priced $105,000 of 0% buffered SuperTrack notes due June 29, 2018 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index return is positive, the payout at maturity will be par plus 200% of the lesser-performing index’s return, subject to a maximum return of 30%.
Investors will receive par if either index declines by up to 10% and will lose 1% for each 1% that the lesser-performing index declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $105,000
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Maturity: | June 29, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any gain of least performing index, subject to 30% maximum return; par if either index falls by up to 10%; 1% loss for each 1% drop in least performing index beyond 10%
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Initial index level: | 2,000.54 for S&P and 1,089.65 for Russell
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Pricing date: | June 27
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | 0.8%
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Cusip: | 06741V4S8
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