Published on 7/10/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.07 million buffered SuperTrack notes tied to the Dow
By Marisa Wong
Los Angeles, July 10 – Barclays Bank plc priced $1,071,000 of 0% buffered SuperTrack notes due June 30, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 75%.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Dow Jones industrial average
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Amount: | $1,071,000
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Maturity: | June 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to 75%; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 25,745.60
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Buffer level: | 20,596.48, 80% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06747PWQ8
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