Published on 4/11/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.405 million buffered SuperTrack notes tied to S&P, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., April 11 – Barclays Bank plc priced $1.405 million of 0% buffered SuperTrack notes due Oct. 8, 2025 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is positive, the payout at maturity will be par plus 1.405 times that index’s return.
If the least-performing index declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $1,495,000
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Maturity: | Oct. 8, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is positive, par plus 1.405 times that index’s return; if least-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that least-performing index declines beyond buffer
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Initial levels: | 5,211.49 for S&P, 2,076.203 for Russell, 18,160.19 for Nasdaq
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Buffer levels: | 4,690.34 for S&P, 1,868.58 for Russell, 16,344.17 for Nasdaq; 90% of initial levels
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Pricing date: | April 3
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Settlement date: | April 8
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Agent: | Barclays
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Fees: | 0.4%
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Cusip: | 06745QFE4
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