Published on 10/17/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million buffered SuperTrack notes tied to S&P 500
By Susanna Moon
Chicago, Oct. 17 – Barclays Bank plc priced $1.09 million of 0% buffered SuperTrack notes due March 26, 2021 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 double any index gain up to a maximum return of 20.5%.
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
|
| Issue: | Buffered SuperTrack notes
|
| Underlying asset: | S&P 500 index
|
| Amount: | $1,091,000
|
| Maturity: | March 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain capped at 20.5%; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
|
| Initial level: | 2,915.56
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06746XNV1
|
|
|
|
|
© 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.
