Published on 3/20/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.16 million buffered SuperTrack notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 20 – Barclays Bank plc priced $2.16 million of 0% buffered SuperTrack notes due Feb. 28, 2025 linked to the S&P 500 index according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 3 times the return of the index, capped at par plus 18.5%.
If the index declines up to 15%, investors will receive par.
Otherwise, investors will lose 1.1765% for each 1% decline beyond the buffer.
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: | $2.16 million
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Maturity: | Feb. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus 3 times return of the index, capped at par plus 18.5%; If the index declines by up to 15%, par; otherwise, 1.1765% loss for each 1% decline beyond the buffer
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Initial level: | 2,882.23
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Buffer level: | 2,1449.9, 85% of initial level
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Pricing date: | March 10
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Settlement date: | March 13
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Agent: | Barclays
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Fees: | 0.6%
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Cusip: | 06747PJB6
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