Published on 10/17/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $375,000 SuperTrack notes with barrier tied to S&P 500
By Susanna Moon
Chicago, Oct. 17 – Barclays Bank plc priced $375,000 of 0% SuperTrack notes due Sept. 28, 2023 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 1.155 times any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below its 50% barrier level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | SuperTrack notes
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Underlying asset: | S&P 500 index
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Amount: | $375,000
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Maturity: | Sept. 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 1.155 times return; if index falls by up to 50%, par; otherwise, 1% loss per 1% decline
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Initial level: | 2,915.56
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Barrier level: | 1,457.78, 50% of initial level
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 2.75%
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Cusip: | 06746XPZ0
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