Published on 12/28/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.61 million buffered SuperTrack notes linked to S&P
By Sarah Lizee
Olympia, Wash., Dec. 28 – Barclays Bank plc priced $3.61 million of 0% buffered SuperTrack notes due Nov. 30, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.05 times any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,614,000
|
| Maturity: | Nov. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any index gain; par if the index falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
| Initial level: | 2,467.42
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Barclays
|
| Fees: | 1.85%
|
| Cusip: | 06746XVE0
|
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