Published on 5/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $822,000 buffered SuperTrack notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., May 4 – Barclays Bank plc priced $822,000 of 0% buffered SuperTrack notes due April 28, 2023 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 any gain in the index.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 25%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $822,000
|
| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index falls by up to 25%; otherwise, 1% loss for every 1% decline beyond 25%
|
| Initial index level: | 2,639.40
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Barclays
|
| Fees: | 4.35%
|
| Cusip: | 06746X4E0
|
|
|
© 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.
