Published on 8/13/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.43 million buffered SuperTrack notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Aug. 13 – Barclays Bank plc priced $2.43 million of 0% buffered SuperTrack notes due Aug. 11, 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 2.65 times any gain in the index, capped at par plus 50%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,425,000
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| Maturity: | Aug. 11, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2.65 times any index gain, capped at par plus 50%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 2,857.70
|
| Pricing date: | Aug. 8
|
| Settlement date: | Aug. 13
|
| Agent: | Barclays
|
| Fees: | 4.5%
|
| Cusip: | 06746XLZ4
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