Published on 2/6/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.09 million buffered SuperTrack notes tied to FTSE 100
By Sarah Lizee
Olympia, Wash., Feb. 6 – Barclays Bank plc priced $3.09 million of 0% buffered SuperTrack notes due Feb. 7, 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 4.5 times any index gain, subject to a maximum return of 19.85%.
If the index falls by up to 5%, the payout will be par.
Otherwise, investors will lose 1.0526% for every 1% decline beyond the 5% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | FTSE 100
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Amount: | $3,094,000
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Maturity: | Feb. 7, 2020
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 4.5 times any index gain, subject to maximum return of 19.85%; par if index falls by up to 5%; otherwise, 1.0526% loss for every 1% decline beyond 5%
|
Initial index level: | 7,034.13
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Pricing date: | Feb. 4
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Settlement date: | Feb. 7
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Agent: | Barclays
|
Fees: | None
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Cusip: | 06747MDP8
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