Published on 8/10/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.56 million buffered SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – Barclays Bank plc priced $1.56 million of 0% buffered SuperTrack notes due Aug. 5, 2019 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 2 times the index return, subject to a maximum return of 16%. Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% that the index may decline beyond 10%.
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: | $1,562,000
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Maturity: | Aug. 5, 2019
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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, subject to 16% 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: | 2,470.30
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Pricing date: | July 31
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Settlement date: | Aug. 3
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Agent: | Barclays
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Fees: | 1.05%
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Cusip: | 06741VZR6
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