Published on 5/23/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $915,000 buffered SuperTrack notes on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, May 23 – Barclays Bank plc priced $915,000 of 0% buffered SuperTrack notes due May 20, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the lesser-performing index, up to a maximum of par plus 53%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the lesser-performing index beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $915,000
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| Maturity: | May 20, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any gain in the lesser-performing index, up to a maximum of par plus 53%; if either index falls by up to 10%, par; otherwise, 1% loss for every 1% decline of the lesser-performing index beyond 10%
|
| Initial levels: | 2,859.53 for S&P, 1,535.76 for Russell
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06747MU38
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