Published on 5/29/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.8 million SuperTrack notes due 2023 tied to S&P 500
By Sarah Lizee
Olympia, Wash., May 29 – Barclays Bank plc priced $1.8 million of 0% SuperTrack notes due May 30, 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 1.53 times any gain in the index.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $1.8 million
|
| Maturity: | May 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.53 times any index gain; par if index falls by up to 30%; fully exposed to losses if index falls below 70% barrier level
|
| Initial index level: | 2,727.76
|
| Barrier level: | 1,909.43, 70% of initial level
|
| Pricing date: | May 24
|
| Settlement date: | May 30
|
| Agent: | Barclays
|
| Fees: | 0%
|
| Cusip: | 06746XC76
|
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