Published on 9/23/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.35 million Super Track notes linked to S&P 500
By Susanna Moon
Chicago, Sept. 23 – Barclays Bank plc priced $2.35 million of 0% Super Track notes due Jan. 9, 2017 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 1.3 times any index gain.
Investors will be exposed to any losses.
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: | $2,352,000
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Maturity: | Jan. 9, 2017
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 130% of any index gain; exposure to any losses
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Initial index level: | 2,011.36
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Pricing date: | Sept. 18
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Settlement date: | Sept. 23
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06741UKA1
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