Published on 10/19/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.58 million buffered SuperTrack notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Oct. 19 – Barclays Bank plc priced $2.58 million of 0% buffered SuperTrack notes due Jan. 3, 2020 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 2 times any gain in the index, subject to a maximum return of 21.75%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $2,575,000
|
| Maturity: | Jan. 3, 2020
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, return capped at 21.75%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 2,559.36
|
| Pricing date: | Oct. 17
|
| Settlement date: | Oct. 20
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06744CA43
|
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