Published on 7/5/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $188,000 buffered SuperTrack notes tied to FTSE 100
By Susanna Moon
Chicago, July 5 – Barclays Bank plc priced $188,000 of 0% buffered SuperTrack notes due June 29, 2020 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of 36%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying asset: | FTSE 100 index
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| Amount: | $188,000
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| Maturity: | June 29, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 36%; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
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| Initial level: | 7,537.92
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| Pricing date: | June 26
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| Settlement date: | June 29
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| Agent: | Barclays
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| Fees: | 2.8%
|
| Cusip: | 06746XEG4
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