Published on 12/24/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $725,000 barrier SuperTrack notes tied to S&P
By Wendy Van Sickle
Columbus, Ohio, Dec. 24 – Barclays Bank plc priced $725,000 of 0% barrier SuperTrack notes due Jan. 22, 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 2 times any index gain, up to 10.65%.
Investors will receive par if the index falls by up to 10% and will be fully exposed to any losses if the index finishes below its 90% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Barrier SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $725,000
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Maturity: | Jan. 22, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain up to 10.65%; if index falls by up to 10%, par; otherwise, full exposure to any losses
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Initial level: | 3,205.37
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Barrier level: | 2,884.83, 90% of initial level
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Pricing date: | Dec. 19
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Settlement date: | Dec. 24
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Agent: | Barclays
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Fees: | 2%
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Cusip: | 06747NV84
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