Published on 6/3/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.03 million SuperTrack notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, June 3 – Barclays Bank plc priced $4.03 million of 0% SuperTrack notes due July 29, 2021 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 3 times any index gain, up to a maximum of par plus 18.35%.
Otherwise, 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: | $4,032,000
|
| Maturity: | July 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, up to a maximum of par plus 18.35%; otherwise, full exposure to losses
|
| Initial index level: | 2,991.77
|
| Pricing date: | May 26
|
| Settlement date: | May 29
|
| Agent: | Barclays
|
| Fees: | 2.35%
|
| Cusip: | 06747PT90
|
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