E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Issue:Buffered SuperTrack notes
Underlying index:S&P 500
Amount:$1,562,000
Maturity:Aug. 5, 2019
Coupon:0%
Price:Par
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%
Initial index level:2,470.30
Pricing date:July 31
Settlement date:Aug. 3
Agent:Barclays
Fees:1.05%
Cusip:06741VZR6

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.