Published on 6/4/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.88 million buffered SuperTrack notes tied to S&P 500
By Sarah Lizee
Olympia, Wash., June 4 – Barclays Bank plc priced $1.88 million of 0% buffered SuperTrack notes due June 3, 2022 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 1.04 times any index gain.
Investors will receive par if the index falls by up to 25% 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 asset: | S&P 500 index
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Amount: | $1,881,000
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Maturity: | June 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any 1.04 times any index gain; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline beyond 25%
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Initial level: | 2,705.27
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06746XA37
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