Published on 2/7/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered SuperTrack notes on Russell 2000
By Marisa Wong
Morgantown, W.Va., Feb. 7 – Barclays Bank plc priced $1 million of 0% buffered SuperTrack notes due Aug. 2, 2018 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 12.4%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Russell 2000
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Amount: | $1 million
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Maturity: | Aug. 2, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus double any index gain, capped at 12.4%; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20%
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Initial levels: | 1,352.33
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Pricing date: | Jan. 30
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Settlement date: | Feb. 2
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Underwriter: | Barclays
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Fees: | None
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Cusip: | 06741VJP8
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