Published on 10/7/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $351,000 buffered Super Track notes linked to S&P 500, Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 2 – Barclays Bank plc priced $351,000 of 0% buffered Super Track notes due March 29, 2019 linked to the lesser performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is positive, the payout at maturity will be par plus 110% of the return of the lesser-performing index.
If the return of the lesser-performing index is less than or equal to zero and greater than or equal to negative 25%, the payout will be par.
If the return of the lesser-performing index is less than negative 25%, investors will lose 1% for every 1% that it declines beyond 25%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying indexes: | S&P 500 and Euro Stoxx 50
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Amount: | $351,000
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Maturity: | March 29, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of lesser-performing index is positive, par plus 110% of return of lesser-performing index; if return of lesser-performing index is less than or equal to zero and greater than or equal to negative 25%, par; if return of lesser-performing index is less than negative 25%, 1% loss for every 1% that it declines beyond 25%
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Initial index levels: | 1,931.34 for S&P 500 and 3,113.16 for Euro Stoxx 50
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06741UJ62
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