Published on 9/7/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.70 million SuperTrack notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 7 – Barclays Bank plc priced $1,696,000 of 0% SuperTrack notes due Sept. 1, 2022 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 1.32 times any gain in the index.
If the index falls by up to 35%, the payout will be par.
Otherwise, investors will be fully exposed to the index decline.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $1,696,000
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Maturity: | Sept. 1, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.32 times any index gain; par if index falls by up to 35%; otherwise, full exposure to losses
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Initial index level: | 2,444.24
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Barrier level: | 1,588.76, 65% of initial level
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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: | 2.75%
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Cusip: | 06744CFG1
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