Published on 2/6/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.04 million buffered SuperTrack notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 6 – Barclays Bank plc priced $1.04 million of 0% buffered SuperTrack notes due Jan. 31, 2022 linked to the S&P 500, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.21 times any index gain.
Investors will receive par if the index falls by up to 25% and will be exposed to any losses beyond 25%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,036,000
|
| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.21 times any index gain; par if the index falls by up to 25%; 1% loss for every 1% decline beyond 25%
|
| Initial levels: | 2,296.68
|
| Pricing date: | Jan. 26
|
| Settlement date: | Jan. 31
|
| Underwriter: | Barclays
|
| Fees: | 1%
|
| Cusip: | 06741VFZ0
|
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