Published on 12/29/2014 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $793,000 buffered Super Track notes linked to S&P 500
By Susanna Moon
Chicago, Dec. 29 – Barclays Bank plc priced $793,000 of 0% buffered Super Track notes due Dec. 29, 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 any index gain, up to a maximum return of 19.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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
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Amount: | $793,000
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Maturity: | Dec. 29, 2016
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 19.25%; par if index falls by up to 10%; 1% loss for each 1% drop beyond 10%
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Initial index level: | 2,082.17
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Barclays
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Fees: | 0%
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Cusip: | 06741UNC4
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