Published on 11/2/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $250,000 SuperTrack notes on Energy Select Sector SPDR
By Tali Rackner
Minneapolis, Nov. 2 – Barclays Bank plc priced $250,000 of 0% SuperTrack notes due Oct. 31, 2019 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any fund gain.
Investors will be fully exposed to any fund decline.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying fund: | Energy Select Sector SPDR Fund
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Amount: | $250,000
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Maturity: | Oct. 31, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.4 times any fund gain; full exposure to any losses
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Initial level: | $67.22
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Pricing date: | Oct. 26
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Settlement date: | Oct. 31
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Agent: | Barclays
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Fees: | 1.5%
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Cusip: | 06744C7L9
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