Published on 10/26/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.73 million SuperTrack notes with barrier tied to S&P
By Susanna Moon
Chicago, Oct. 26 – Barclays Bank plc priced $1.73 million of 0% SuperTrack notes due Oct. 29, 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, up to a maximum return of 27%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,725,000
|
| Maturity: | Oct. 29, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, capped at 27%; par if index falls by up to 10%; otherwise, par plus return with full exposure to any losses
|
| Initial index level: | 2,569.13
|
| Barrier level: | 2,312.22, 90% of initial level
|
| Pricing date: | Oct. 24
|
| Settlement date: | Oct. 27
|
| Agent: | Barclays
|
| Fees: | 2%
|
| Cusip: | 06744CG62
|
|
|
|
|
© 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.
