Published on 12/4/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.6 million of SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – Barclays Bank plc priced $1.6 million of 0% SuperTrack notes due Dec. 3, 2025 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 1.585 times any index gain
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses if the index falls by more than 50%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,595,000
|
| Maturity: | Dec. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 158.5% of any index gain; if index falls by up to 50%, par; otherwise, full exposure to losses
|
| Initial level: | 2,627.04
|
| Barrier level: | 1,313.52; 50% of initial level
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 4
|
| Agent: | Barclays
|
| Fees: | 0%
|
| Cusip: | 06744CNE7
|
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