Published on 1/12/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $132,000 buffered SuperTrack notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Jan. 12 – Barclays Bank plc priced $132,000 of 0% buffered SuperTrack notes due Jan. 16, 2024 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 1.2 times any gain in the index.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%.
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: | $132,000
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| Maturity: | Jan. 16, 2024
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.2 times any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
|
| Initial index level: | 2,748.23
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| Pricing date: | Jan. 10
|
| Settlement date: | Jan. 18
|
| Agent: | Barclays
|
| Fees: | 3.75%
|
| Cusip: | 06744CS36
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