Published on 12/9/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $994,000 buffered SuperTrack notes tied to indexes
By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – Barclays Bank plc priced $994,000 of 0% buffered SuperTrack notes due Nov. 28, 2025 linked to the least performing of the Nasdaq 100 index, 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 1.05 times any gain of the worst performing index.
If any index falls by up to 85%, the payout will be par.
Otherwise, investors will be exposed to the losses of the worst performing index beyond the 15% buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | Nasdaq 100 index, Dow Jones industrial average and S&P 500 index
|
| Amount: | $994,000
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| Maturity: | Nov. 28, 2025
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| Coupon : | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.05 times any gain of the worst performing index; par if any index falls by up to 15%; otherwise, exposure to losses of worst performer beyond 15% buffer
|
| Initial levels: | 30,046.24 for Dow, 12,079.81 for Nasdaq, 3,635.41 for S&P
|
| Buffer levels: | 25,539.3 for Dow, 10,267.84 for Nasdaq, 3,090.1 for S&P; 85% of initial levels
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| Pricing date: | Nov. 25
|
| Settlement date: | Nov. 30
|
| Agent: | Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06747QQ34
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