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
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Issue: | Buffered Super Track notes
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Underlying index: | S&P 500 index
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Amount: | $28,469,000
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Maturity: | Sept. 7, 2018
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Coupon: | 0%
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Price: | Par
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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
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Initial level: | 1,653.08
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Trigger level: | 1,157.16, or 70% of initial level
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Pricing date: | Sept. 4
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Settlement date: | Sept. 9
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741TG76
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