E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/6/2013 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $28.47 million buffered Super Track notes on S&P 500

By Susanna Moon

Chicago, Sept. 6 - Barclays Bank plc priced $28.47 million of 0% Super Track notes due Sept. 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 1.4272 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
Issue:Buffered Super Track notes
Underlying index:S&P 500 index
Amount:$28,469,000
Maturity:Sept. 7, 2018
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.4272 times any index gain; par if index falls by 30% or less; full exposure to any losses if index falls below trigger level
Initial level:1,653.08
Trigger level:1,157.16, or 70% of initial level
Pricing date:Sept. 4
Settlement date:Sept. 9
Agent:Barclays
Fees:3%
Cusip:06741TG76

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.