Published on 6/25/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.65 million buffered SuperTrack notes on indexes
By Sarah Lizee
Olympia, Wash., June 25 – Barclays Bank plc priced $2.65 million of 0% buffered SuperTrack notes due June 23, 2026 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.6 times the least performing index gain.
If the least performing index declines up to 20%, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Russell 2000 index
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| Amount: | $2.65 million
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| Maturity: | June 23, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus par plus 1.6 times any gain of least performing index; par if least performing index falls by up to buffer level; otherwise, 1% loss for each 1% drop of least performing index beyond buffer
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| Initial level: | 3,115.34 for S&P, 1,427.08 for Russell, 26,080.1 for Dow
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| Buffer level: | 2,492.27 for S&P 1,141.66 for Russell, 20,864.08 for Dow, 80% of initial level
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Agent: | Barclays
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| Fees: | 0.5%
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| Cusip: | 06747Q2T3
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