Published on 2/27/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.67 million buffered SuperTrack notes tied to indexes
By Susanna Moon
Chicago, Feb. 27 – Barclays Bank plc priced $5.67 million of 0% buffered SuperTrack notes due June 15, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index closes at or above its 87% threshold level, the payout at maturity will be par plus the lesser of any gain of the worse performing index plus 13% and 1.9 times any gain of the worse performing index up to a maximum return of 76%.
Otherwise, investors will receive par plus the return of the worse performing index plus 13%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | Russell 2000, S&P 500
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| Amount: | $5,667,000
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| Maturity: | June 15, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index closes at or above 87% threshold, par plus lesser of any gain of worse performing index plus 13% and 1.9 times any gain of worse performing index up to a maximum return of 76%; otherwise, par plus return of worse performing index plus 13%
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| Initial levels: | 1,507.97 for Russell, 2,681.66 for S&P
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | Barclays
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| Fees: | 1%
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| Cusip: | 06744CW80
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