Published on 10/20/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million 0% SuperTrack notes tied to Russell, S&P 500
By Susanna Moon
Chicago, Oct. 20 – Barclays Bank plc priced $2 million of 0% SuperTrack notes due Jan. 21, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 88% threshold level, the payout at maturity will be par plus 1.355 times the gain of the worse performing index plus the 12% additional return up to a maximum return of 54.2%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 12%.
The averaging dates will be each reference asset business day from Oct. 18, 2021 through Jan. 18, 2022.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying indexes: | Russell 2000, S&P 500
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| Amount: | $2 million
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| Maturity: | Jan. 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains or falls by up to 12%, par plus 1.355 times gain of worse performing index plus 12%, capped at 54.2%; otherwise, 1% loss per 1% decline of worse performing index beyond 12%
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| Averaging dates: | Each reference asset business day from Oct. 18, 2021 through Jan. 18, 2022
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| Initial index levels: | 1,502.66 for Russell, 2,553.17 for S&P
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | Barclays
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| Fees: | 1.5%
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| Cusip: | 06744CD81
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