Published on 5/24/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.07 million buffered SuperTrack notes on Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., May 24 – Barclays Bank plc priced $1.07 million of 0% buffered SuperTrack notes due April 29, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.55 times any index gain.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 30%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,073,000
|
| Maturity: | April 29, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.55 times any index gain; par if the index falls by up to 30%; 1% loss for every 1% decline beyond 30%
|
| Initial index level: | 3,514.62
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Barclays
|
| Fees: | 1.45%
|
| Cusip: | 06747MKM7
|
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