Published on 8/25/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $379,000 buffered SuperTrack notes tied to indexes
By Wendy Van Sickle
Columbus, Ohio, Aug. 25 – Barclays Bank plc priced $379,000 of 0% buffered SuperTrack notes due Aug. 26, 2025 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any gain of the worse performing index up to a maximum gain of 65%.
If any index falls by up to 20%, the payout will be par.
Otherwise, investors will receive par plus the return of the worse performing index plus 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $379,000
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| Maturity: | Aug. 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any gain of the worse performing index up to a maximum gain of 65%; par if any index falls by up to 20%; otherwise, par plus return of worse performing index plus 20%
|
| Initial levels: | 27.930.33 for Dow, 3,397.16 for S&P
|
| Buffer levels: | 22,344.26 for Dow, 2,717.73 for S&P; 80% of initial levels
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| Pricing date: | Aug. 21
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| Settlement date: | Aug. 26
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| Agent: | Barclays
|
| Fees: | 0.9%
|
| Cusip: | 06747QDT1
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