Published on 10/18/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.8 million eight-year SuperTrack notes tied to S&P 500
By Susanna Moon
Chicago, Oct. 18 – Barclays Bank plc priced $570,000 of 0% SuperTrack notes due Sept. 30, 2026 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 1.59 times any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below its 50% barrier.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying asset: | S&P 500 index
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| Amount: | $1,802,000
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| Maturity: | Sept. 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.59 times any index gain; if index falls by up to 50%, par; otherwise, 1% loss per 1% decline
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| Initial level: | 2,905.97
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| Barrier level: | 1,452.99, 50% of initial level
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| Pricing date: | Sept. 26
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| Settlement date: | Oct. 1
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| Agent: | Barclays
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| Fees: | 4.125%
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| Cusip: | 06746XRY1
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