Published on 4/30/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $9.94 million SuperTrack notes tied to Energy Select Sector fund
By Wendy Van Sickle
Columbus, Ohio, April 30 – Barclays Bank plc priced $9.94 million of 0% SuperTrack notes due May 1, 2023 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 1.405 times any index gain.
Investors will be fully exposed to any loss.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | Energy Select Sector SPDR fund
|
| Amount: | $9.94 million
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| Maturity: | May 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.405 times any index gain; full exposure to loss
|
| Initial index level: | $35.37
|
| Pricing date: | April 27
|
| Settlement date: | April 30
|
| Agent: | Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06747PQT9
|
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