Published on 2/27/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.05 million buffered SuperTrack notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 27 – Barclays Bank plc priced $1.05 million of 0% buffered SuperTrack notes due Feb. 22, 2019 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, up to a maximum return of 14.8%
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying index: | S&P 500
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| Amount: | $1.05 million
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| Maturity: | Feb. 22, 2019
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 14.8%; par if index falls by up to 20%; otherwise, 1% loss for each 1% drop beyond 20%
|
| Initial level: | 2,351.16
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06741VKZ4
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