Published on 7/10/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 SuperTrack notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 10 – Barclays Bank plc priced $500,000 of 0% SuperTrack notes due July 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.8 times the index return. Investors will have full exposure to any decline in the index.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | SuperTrack notes
|
Underlying index: | S&P 500
|
Amount: | $500,000
|
Maturity: | July 10, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.8 times any index gain; 1% loss for each 1% drop
|
Initial level: | 2,990.41
|
Pricing date: | July 5
|
Settlement date: | July 12
|
Agent: | Barclays
|
Fees: | 0.4%
|
Cusip: | 06747N5C4
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.