Published on 5/15/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4 million SuperTrack notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 15 – Barclays Bank plc priced $4 million of 0% SuperTrack notes due May 14, 2026 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 1.9 times any index gain.
Investors will be fully exposed to any decline of the index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4 million
|
| Maturity: | May 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.9 times any index gain; full exposure to losses
|
| Initial index level: | 2,881.4
|
| Pricing date: | May 10
|
| Settlement date: | May 15
|
| Agent: | Barclays
|
| Fees: | 0.75%
|
| Cusip: | 06747MU79
|
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