Published on 5/22/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.12 million barrier SuperTrack notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, May 22 – Barclays Bank plc priced $1.12 million of 0% barrier SuperTrack notes due May 20, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.97 times the gain of the worse performing index.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worse performing index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier SuperTrack notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,122,000
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| Maturity: | May 20, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.97 times return of worse performing index; par if either index falls by up to 30%; otherwise, 1% loss per 1% decline of worse performing index
|
| Initial levels: | 1,548.27 for Russell, 2,850.96 for S&P
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | Barclays
|
| Fees: | 1.125%
|
| Cusip: | 06747MTZ9
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