Published on 6/21/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $500,000 buffered SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 21 – Barclays Bank plc priced $500,000 of 0% buffered SuperTrack notes due June 22, 2023 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 3 times any index gain, capped at par plus 44.05%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $500,000
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| Maturity: | June 22, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain capped at par plus 44.05%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial index level: | 2,926.46
|
| Pricing date: | June 19
|
| Settlement date: | June 24
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06747MZY5
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