Published on 12/6/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.06 million Super Track notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 6 - Barclays Bank plc priced $10.06 million of 0% Super Track notes due Dec. 7, 2018 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 1.4 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
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: | $10,064,000
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Maturity: | Dec. 7, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% of any index gain; par if index falls by up to 30%; full exposure to any losses if index finishes below trigger level
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Initial level: | 1,792.81
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Barrier level: | 1,254.97, or 70% of initial level
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Pricing date: | Dec. 4
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Settlement date: | Dec. 9
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741T2R7
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