Published on 5/13/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $795,000 SuperTrack notes tied to S&P 500
Chicago, May 13 – Barclays Bank plc priced $795,000 of 0% SuperTrack notes due April 28, 2023 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 three times the increase in the index return, subject to a maximum return of par plus 38.25%.
Otherwise, investors will be exposed to any losses in the index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying index: | S&P 500
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| Amount: | $795,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus three times any index gain, subject to maximum return of par plus 38.25%; otherwise, full exposure to losses
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| Initial level: | 2,863.39
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| Pricing date: | April 28
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| Settlement date: | May 1
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| Agent: | Barclays
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| Fees: | 1.2%
|
| Cusip: | 06747PQ93
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