Published on 12/11/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million SuperTrack notes tied to Russell, S&P 500
By Susanna Moon
Chicago, Dec. 11 – Barclays Bank plc priced $1 million of 0% SuperTrack notes due Dec. 1, 2021 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.62 times the gain of the worse performing index.
If either index falls by up to its 70% barrier level, the payout will be par.
Otherwise, investors will be exposed to any losses of the worse performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying indexes: | Russell 2000, S&P 500
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Amount: | $1 million
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Maturity: | Dec. 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.62 times return of worse performing index; if either index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing index
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Initial levels: | 1,513.31 for Russell, 2,601.42 for S&P
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Barrier levels: | 1,059.32 for Russell, 1,820.99 for S&P; 70% of initial levels
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Pricing date: | Nov. 28
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Settlement date: | Dec. 1
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06744CN49
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