Published on 9/6/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.88 million buffered SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – Barclays Bank plc priced $4.88 million of 0% buffered SuperTrack notes due Aug. 31, 2023 tied 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 the index gain.
Investors will receive par if the index finishes flat or falls not more than 25%.
Otherwise, investors will lose 1% for each 1% decline beyond the 25% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500 index
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Amount: | $4,883,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index is flat or falls by up to 25%; 1% for each 1% decline beyond 25% buffer
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Initial price: | 2,926.46
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Buffer percentage: | 25%
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06747NAT1
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