Published on 2/24/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.91 million buffered SuperTrack notes tied to S&P
By Sarah Lizee
Olympia, Wash., Feb. 24 – Barclays Bank plc priced $3.91 million of 0% buffered SuperTrack notes due Feb. 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, capped at par plus 50%.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $3,914,000
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Maturity: | Feb. 20, 2025
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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 50%; par if index falls by up to buffer; otherwise, 1% loss for every 1% decline beyond buffer
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Initial index level: | 3,380.16
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Buffer level: | 2,873.14, 85% of initial level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agent: | Barclays
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Fees: | 0.5%
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Cusip: | 06747PC56
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