Published on 11/4/2016 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million buffered SuperTrack notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 4 – Barclays Bank plc priced $1 million of 0% buffered SuperTrack notes due Nov. 7, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 41%. Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% that the index may 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: | $1 million
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Maturity: | Nov. 7, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, subject to 41% maximum return; par if index falls by up to 10%; 1% loss for each 1% drop beyond 10%
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Initial index level: | 2,097.94
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Pricing date: | Nov. 2
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Settlement date: | Nov. 7
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Agent: | Barclays
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Fees: | None
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Cusip: | 06741VEC2
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