Published on 12/13/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $567,000 buffered SuperTrack notes tied to S&P 500
By Susanna Moon
Chicago, Dec. 13 – Barclays Bank plc priced $567,000 of 0% buffered SuperTrack notes due Dec. 4, 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 double any index gain, up to a maximum return of 14%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
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: | $567,000
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Maturity: | Dec. 4, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at 14%; if index falls by up to 10%, par; otherwise, exposure to any losses beyond 10%
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Initial level: | 2,647.58
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Pricing date: | Nov. 30
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Settlement date: | Dec. 5
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Agent: | Barclays
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Fees: | 1.05%
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Cusip: | 06744CK42
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