Published on 12/30/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.36 million buffered Super Track notes tied to Dow
By Devika Patel
Knoxville, Tenn., Dec. 30 – Barclays Bank plc priced $4,362,000 of 0% buffered Super Track notes due Dec. 31, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return is positive, the payout at maturity will be par of $1,000 plus the return.
Investors will receive par if the index declines by up to the 20% buffer and will lose 1% for each 1% that the index declines beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | Dow Jones industrial average
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Amount: | $4,362,000
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Maturity: | Dec. 31, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus the return, par if index declines by 20%, full exposure to any decline beyond 20%
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Initial level: | 17,528.27
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Barclays
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Fees: | 4%
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Cusip: | 06741UX41
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