Published on 9/21/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $6.03 million buffered SuperTrack notes tied to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 21 – Barclays Bank plc priced $6.03 million of 0% buffered SuperTrack notes due Sept. 19, 2019 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 1.25 times any gain in the index, subject to a maximum return of 21.75%.
If the index falls by up to 17.5%, the payout will be par.
Otherwise, investors will lose 1.21212% for every 1% decline beyond 17.5%.
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: | $6,025,000
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Maturity: | Sept. 19, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.25 times any index gain, capped at 21.75%; par if index falls by up to 17.5%; otherwise, 1% loss for every 1% decline beyond 17.5%
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Initial index level: | 2,498.37
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Pricing date: | Sept. 14
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Settlement date: | Sept. 19
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Agent: | Barclays
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Fees: | None
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Cusip: | 06744C4J7
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