Published on 7/3/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1 million SuperTrack notes tied to Financial Select SPDR
By Susanna Moon
Chicago, July 3 – Barclays Bank plc priced $1 million of 0% SuperTrack notes due June 16, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.36 times any gain in the fund.
Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund finishes below its 80% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying fund: | Financial Select Sector SPDR
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| Amount: | $1 million
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| Maturity: | June 16, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.36 times any fund gain; par if fund falls by up to 20%; otherwise, full exposure to any losses
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| Initial level: | $24.34
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| Barrier Price: | $19.47, 80% of initial level
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| Pricing date: | June 12
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| Settlement date: | June 15
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| Agent: | Barclays
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| Fees: | 2.5%
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| Cusip: | 06741VWW8
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