Published on 2/9/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1 million SuperTrack notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Barclays Bank plc priced $1 million of 0% SuperTrack notes due Feb. 12, 2024 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 1.4 times any gain in the index.
If the index falls by up to 40%, the payout will be par.
If the index falls by more than 40%, investors will lose 1% for every 1% decline below the initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Feb. 12, 2024
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.4 times any index gain; par if index falls by up to 40%; otherwise, 1% loss for every 1% decline below initial level
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| Initial index level: | 2,681.66
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| Barrier level: | 1,609.00, 60% of initial level
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | Barclays
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| Fees: | 1.7%
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| Cusip: | 06744CVW8
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