New Issue: Barclays sells $1.94 million buffered SuperTrack notes linked to S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 29 – Barclays Bank plc priced $1.94 million of 0% buffered SuperTrack notes due Jan. 28, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index closes above its initial value the payout at maturity will be par plus 1.75 times any index gain, capped at par plus 20%.

If the index falls by up to 20% investors will receive par. If the index falls below 20% investors will lose 1% for each 1% decline beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying index:	S&P 500
Amount:	$1,935,000
Maturity:	Jan. 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 175% of any index gain, capped at par plus 20%; par if the index falls by up to 20%; 1% loss for every 1% decline beyond 20%
Initial level:	2,664.76
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	Barclays
Fees:	0.5%
Cusip:	06747MBE5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.