Published on 3/13/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4 million buffered SuperTrack notes linked to S&P 500
By Devika Patel
Knoxville, Tenn., March 13 – Barclays Bank plc priced $4 million of 0% buffered SuperTrack notes due March 14, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum payout of 20%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% loss beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying index: | S&P 500
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| Amount: | $4 million
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| Maturity: | March 14, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, capped at 20%; par if the index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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| Initial level: | 2,362.98
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agent: | Barclays
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| Fees: | None
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| Cusip: | 06741VNT5
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