Published on 8/30/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.37 million buffered SuperTrack notes linked to S&P 500
By Sarah Lizee
Olympia, Wash., Aug. 30 – Barclays Bank plc priced $1.37 million of 0% buffered SuperTrack notes due Aug. 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.1 times the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% that the index declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered SuperTrack notes
|
Underlying index: | S&P 500
|
Amount: | $1,368,000
|
Maturity: | Aug. 28, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.1 times any index gain; par if index falls by up to 20%; 1% loss for each 1% drop beyond 20%
|
Initial level: | 2,847.11
|
Pricing date: | Aug. 23
|
Settlement date: | Aug. 30
|
Agent: | Barclays
|
Fees: | 0.4%
|
Cusip: | 06747NAB0
|
© 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.