Published on 5/8/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $543,000 SuperTrack notes tied to S&P 500, the Dow
By Wendy Van Sickle
Columbus, Ohio, May 8 – Barclays Bank plc priced $543,000 of 0% SuperTrack notes due May 2, 2023 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.39 times the gain of the worse performing index.
If either index falls by up to 50%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | SuperTrack notes
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| Underlying indexes: | S&P 500 index and Dow Jones industrial average
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| Amount: | $543,000
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| Maturity: | May 2, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.39 times return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss per 1% decline of worse performing index
|
| Initial levels: | 2,669.91 for S&P and 24,311.19 for Dow
|
| Barrier levels: | 1,334.96 for S&P and 12,155.6 for Dow
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| Pricing date: | April 27
|
| Settlement date: | May 2
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| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06746X6W8
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