Published on 8/31/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $606,000 buffered SuperTrack notes linked to S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Aug. 31 – Barclays Bank plc priced $606,000 of 0% buffered SuperTrack notes due Aug. 30, 2019 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive the payout at maturity will be par plus 2 times the lesser-performing index’s return, subject to a maximum return of 28%.
If the lesser-performing index fall by up to 20%, the payout will be par.
If the lesser-performing index’s return is less than negative 20%, investors will lose 1% for each 1% that the lesser-performing index declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $606,000
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index’s return is positive, par plus 2 times lesser-performing index’s return, subject to 28% maximum return; if lesser-performing index falls by up to 20%, par; if lesser-performing index’s return is less than negative 20%, 1% loss for each 1% that lesser-performing index declines beyond 20%
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Initial levels: | 2,444.24 for S&P and 1,382.229 for Russell
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06744CHC8
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