Published on 7/20/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $358,000 buffered SuperTrack notes on FTSE 100
By Marisa Wong
Morgantown, W.Va., July 20 – Barclays Bank plc priced $358,000 of 0% buffered SuperTrack notes due July 2, 2020 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the index, capped at par plus 92%.
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
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Issue: | Buffered SuperTrack notes
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Underlying index: | FTSE 100 index
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Amount: | $358,000
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Maturity: | July 2, 2020
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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, capped at par plus 92%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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Initial index level: | 7,636.93
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | Barclays
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Fees: | 1.05%
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Cusip: | 06746XEF6
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