Published on 2/28/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.36 million SuperTrack notes on S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Barclays Bank plc priced $2.36 million of 0% SuperTrack notes due April 26, 2018 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 3 times any gain in the index, up to a maximum return of 11%
Investors will be fully exposed to any loss in the index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
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| Underlying index: | S&P 500
|
| Amount: | $2.36 million
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| Maturity: | April 26, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus triple any index gain, capped at 11%; full exposure to any index decline
|
| Initial level: | 2,363.81
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| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Barclays
|
| Fees: | 2.35%
|
| Cusip: | 06741VL59
|
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