Published on 6/18/2013 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $495,000 Super Track notes linked to WisdomTree Japan
By Susanna Moon
Chicago, June 18 - Barclays Bank plc priced $495,000 of 0% Super Track notes due Dec. 18, 2014 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any fund gain, capped at 40.8%.
Investors will receive par if the shares fall by up to 10% and will be fully exposed to any losses if the fund finishes below the 90% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Super Track notes
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Underlying fund: | WisdomTree Japan Hedged Equity fund
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Amount: | $495,000
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Maturity: | Dec. 18, 2014
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any fund gain, capped at 40.8%; par if shares fall by up to 10%; full exposure to losses if shares fall below barrier
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Initial level: | $42.76
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Barrier level: | $38.48, or 90% of initial level
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Pricing date: | June 14
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Settlement date: | June 19
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06741TXG7
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