Published on 8/29/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $181,000 buffered Super Track notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 29 – Barclays Bank plc priced $181,000 of 0% buffered Super Track notes due Aug. 28, 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 gain in the index.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered Super Track notes
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Underlying index: | S&P 500
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Amount: | $181,000
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Maturity: | Aug. 28, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 15%; otherwise, 1% loss for each 1% drop beyond 15%
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Initial level: | 2,172.47
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | Barclays
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Fees: | 3%
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Cusip: | 06741V7H9
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