Published on 12/2/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $13.45 million Super Track notes linked to S&P 500
By Marisa Wong
Madison, Wis., Dec. 2 - Barclays Bank plc priced $13.45 million of 0% Super Track notes due June 2, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 24.6%.
Investors will receive par if the index falls by up to 15% and will be exposed to losses at a rate of 1.1765% per 1% drop beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying index: | S&P 500
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Amount: | $13.45 million
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Maturity: | June 2, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 24.6%; par if index falls by up to 15%; exposure to losses at a rate of 1.1765% per 1% drop beyond 15%
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Initial level: | 1,802.75
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Pricing date: | Nov. 27
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Settlement date: | Dec. 3
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06741T2H9
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