Published on 2/25/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered SuperTrack notes linked to S&P
By Sarah Lizee
Olympia, Wash., Feb. 25 – Barclays Bank plc priced $1 million of 0% buffered SuperTrack notes due Feb. 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.39 times the index return.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% that the index may decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $1 million
|
| Maturity: | Feb. 26, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.39 times any index gain; par if index falls by up to 15%; 1% loss for each 1% drop beyond 15%
|
| Initial index level: | 2,774.88
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 26
|
| Agent: | Barclays
|
| Fees: | 1.75%
|
| Cusip: | 06747MF84
|
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