Published on 6/14/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.89 million buffered SuperTrack notes tied to index basket
By Wendy Van Sickle
Columbus, Ohio, June 14 – Barclays Bank plc priced $3.89 million of 0% buffered SuperTrack notes Oct. 16, 2020 linked to a basket of exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Materials Select Sector SPDR fund, the Technology Select Sector SPDR fund and the Health Care Select Sector SPDR fund, each with a roughly 33.333% weight.
The payout at maturity will be par plus any basket gain, up to a maximum return of 10.25%.
Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond the buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying basket: | Materials Select Sector SPDR fund, Technology Select Sector SPDR fund and Health Care Select Sector SPDR fund, each with 33.333% weight
|
| Amount: | $3,889,000
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| Maturity: | Oct. 16, 2020
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If basket gains, par plus basket return capped at 10.25%; if basket falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%
|
| Initial levels: | $57.59 for Materials, $76.97 for Technology, $91.13 for Health Care
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| Pricing date: | June 11
|
| Settlement date: | June 14
|
| Agent: | Barclays
|
| Fees: | 0.25%
|
| Cusip: | 06747MZG4
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