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Published on 7/18/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $2 million buffered SuperTrack notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, July 18 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due July 19, 2021 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 1.13 times any gain in the index.

If the index falls by up to 20%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond the 20% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500
Amount:$2 million
Maturity:July 19, 2021
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 1.13 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond the 20% buffer
Initial index level:2,419.38
Pricing date:July 14
Settlement date:July 19
Agent:Barclays
Fees:0.5%
Cusip:06744CBZ3

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