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Published on 7/27/2017 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $16.14 million buffered SuperTrack notes on S&P 500

By Marisa Wong

Morgantown, W.Va., July 27 – Barclays Bank plc priced $16.14 million of 0% buffered SuperTrack notes due July 29, 2020 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 1.7831 times any gain in the index, subject to a maximum return of 40.5%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1.11111% for every 1% decline beyond 10%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500
Amount:$16,143,000
Maturity:July 29, 2020
Coupon:0%
Price:Par of $1,000
Payout at maturity:Par plus 1.7831 times any index gain, with return capped at 40.5%; par if index falls by up to 10%; otherwise, 1.11111% loss for every 1% decline beyond 10%
Initial index level:2,469.91
Pricing date:July 24
Settlement date:July 27
Agent:Barclays
Fees:0.1%
Cusip:06744CDF5

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