Published on 7/28/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.54 buffered SuperTrack notes tied to S&P 500
By Taylor Fox
Chicago, July 28 – Barclays Bank plc priced $1.54 million of 0% buffered SuperTrack notes due July 25, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.205 times the index return.
If the index declines up to 10%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $1,535,000
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Maturity: | July 25, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.205 times any index gain; par if index declines by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
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Initial level: | 3,276.02
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Buffer level: | 90% of initial level
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Pricing date: | July 22
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Settlement date: | July 27
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Agent: | Barclays
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Fees: | 0%
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Cusip: | 06747QAG2
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