E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/27/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.39 million buffered SuperTrack notes on S&P 500

By Kiku Steinfeld

Chicago, Aug. 27 – Barclays Bank plc priced $1.39 million of 0% buffered SuperTrack notes due June 30, 2023 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 two times the index return up to par plus 12.85%.

If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500 index
Amount:$1,394,000
Maturity:June 30, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain up to par plus 12.85%; par if index falls by up to 10%; otherwise, 1% loss for every 1% index decline beyond 10% buffer
Initial level:4,297.50
Buffer level:3,867.75, 90% of initial level
Pricing date:June 30
Settlement date:July 6
Agent:Barclays
Fees:1.05%
Cusip:06748EUB7

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.