Published on 4/7/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.2 million 5.22% buffered fixed-rate notes on Russell, Nasdaq
April 7 – Barclays Bank plc priced $6.2 million of 6.35% buffered fixed-coupon notes due March 25, 2022 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the least-performing asset finishes at or above 80% of the initial level, the payout at maturity will be par.
Otherwise, investors will share in losses at a rate of 1.25% per 1% drop beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered fixed-coupon notes
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Underlying indexes: | Russell 2000 index, Nasdaq-100 index
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Amount: | $6,200,000
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Maturity: | March 25, 2022
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Coupon: | 6.35% annual rate, payable monthly
|
Price: | Par
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Payout at maturity: | If least-performing index finishes at or above 80% of initial level, par; otherwise, 1.25% loss for every 1% decline of least-performing index beyond 20%
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Initial levels: | 2,319.52 for Russell, 13,152.28 for Nasdaq
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Buffer level: | 1,855.62 for Russell, 10,521.82 for Nasdaq, 80% of initial levels
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Pricing date: | March 17
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Settlement date: | March 22
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Underwriter: | Barclays
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Fees: | 0%
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Cusip: | 06748EFM0
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