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Published on 12/4/2019 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $7.99 million buffered SuperTrack notes linked to S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 4 – Barclays Bank plc priced $7.99 million of 0% buffered SuperTrack notes due Sept. 23, 2021 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 1.5 times any gain in the index, capped at par plus 20.75%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500
Amount:$7,985,000
Maturity:Sept. 23, 2021
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any gain in the index, capped at par plus 20.75%; par if index falls by up to 10%; otherwise, 1% loss for each 1% drop beyond 10%
Initial level:3,108.46
Buffer level:2,797.61, 90% of initial level
Pricing date:Nov. 20
Settlement date:Nov. 25
Agent:Barclays
Fees:None
Cusip:06747NQR8

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