New Issue: Barclays prices $6.65 million buffered SuperTrack notes tied to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 7 – Barclays Bank plc priced $6.65 million of 0% buffered SuperTrack notes due Aug. 8, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum return of 19%. Investors will receive par if the index falls by up to 20% and will lose 1.25% for each 1% that the index may decline beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying index:	S&P 500
Amount:	$6.65 million
Maturity:	Aug. 8, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain, subject to 19% maximum return; par if index falls by up to 20%; 1.25% loss for each 1% drop beyond 20%
Initial index level:	2,477.57 (closing level on Aug. 2)
Pricing date:	Aug. 3
Settlement date:	Aug. 8
Agent:	Barclays
Fees:	None
Cusip:	06744CGB1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.