Published on 2/8/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.42 million buffered SuperTrack notes tied to S&P 500
By Susanna Moon
Chicago, Feb. 8 – Barclays Bank plc priced $6.42 million of 0% buffered SuperTrack notes due Jan. 31, 2024 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 any index gain.
If the index falls by up to 32%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 32%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying index: | S&P 500 index
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| Amount: | $6,415,000
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| Maturity: | Jan. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if index falls by up to 32%; otherwise, 1% loss for every 1% decline beyond 32%
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| Initial index level: | 2,643.85
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| Pricing date: | Jan. 28
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| Settlement date: | Jan. 31
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| Agent: | Barclays
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| Fees: | 4.35%
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| Cusip: | 06747M6D3
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