Published on 10/22/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.81 million buffered SuperTrack notes tied to index, fund basket
By Susanna Moon
Chicago, Oct. 22 – Barclays Bank plc priced $5.81 million of 0% buffered SuperTrack notes due Oct. 1, 2020 linked to a basket of indexes and an exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a weight of 50%, the Euro Stoxx 50 index with a weight of 30% and the Emerging Markets ETF with a weight of 20%.
The payout at maturity will be par plus double any basket gain, up to a maximum return of 26%.
Investors will receive par if the basket 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 basket: | S&P 500 index (50% weight), Euro Stoxx 50 index (30% weight) and Emerging Markets ETF (20% weight)
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| Amount: | $5.81 million
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| Maturity: | Oct. 1, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 2 times return capped at 26%; if basket falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
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| Initial levels: | $43.21 for EM fund, 2,914 for S&P and 3,449.79 for Stoxx
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| Pricing date: | Sept. 27
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| Settlement date: | Oct. 2
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| Agent: | Barclays
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| Fees: | 0.65%
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| Cusip: | 06746XR47
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