Published on 9/24/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $966,000 buffered SuperTracks tied to S&P 500, the Dow
By Wendy Van Sickle
Columbus, Ohio, Sept. 24 – Barclays Bank plc priced $966,000 of 0% buffered SuperTrack notes due Sept. 21, 2023 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times the gain of the worse performing index.
If either index gains by up to 50%, the payout at maturity will be par.
If either falls by more than 50%, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying asset: | S&P 500 index and Dow Jones industrial average
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Amount: | $966,000
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Maturity: | Sept. 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 120% of return of worse performing index; if either index gains by up to 50%, par; otherwise, 1% loss per 1% decline of worse performing index beyond 50%
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Initial levels: | 2,904.31 for S&P and 26,246.96 for Dow
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Barrier levels: | 1,452.16 for S&P, 13,123.48 for Dow, 50% of initial levels
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Pricing date: | Sept. 18
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Settlement date: | Sept. 21
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Agent: | Barclays
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Fees: | 4.125%
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Cusip: | 06746XQX4
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