By Wendy Van Sickle
Columbus, Ohio, Dec. 24 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due Dec. 26, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 0.9 times the index return. If the index return is flat or negative but the index declines by no more than the 20% buffer, the payout will be par.
Investors will be exposed to losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | Dec. 26, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 0.9 times any index gain; exposure to any losses
|
| Initial level: | 2,021.15
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 28
|
| Agent: | Barclays
|
| Fees: | 3.25%
|
| Cusip: | 06741U2C7
|
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