Published on 6/27/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $15.29 million buffered SuperTrack notes on S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, June 27 – Barclays Bank plc priced $15.29 million of 0% buffered SuperTrack notes due June 28, 2024 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 any gain in the index.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 30%.
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
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Amount: | $15,291,000
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Maturity: | June 28, 2024
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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 falls by up to 30%; otherwise, 1% loss for every 1% decline beyond 30%
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Initial index level: | 2,917.38
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | Barclays
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Fees: | 4.35%
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Cusip: | 06747MW77
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