Published on 2/19/2015 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered Super Track notes linked to S&P 500
By Jennifer Chiou
New York, Feb. 19 – Barclays Bank plc priced $1 million of 0% buffered Super Track notes due Feb. 21, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 28% and will lose 1% for each 1% decline beyond 28%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Super Track notes
|
| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Feb. 21, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index falls by up to 28%; 1% loss for each 1% drop beyond 28%
|
| Initial index level: | 2,100.34
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 20
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06741URJ5
|
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