E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 12/31/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $701,000 barrier SuperTrack notes linked to S&P, Dow

By Wendy Van Sickle

Columbus, Ohio, Dec. 31 – Barclays Bank plc priced $701,000 of 0% barrier SuperTrack notes due Dec. 31, 2025 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.05 times the lesser-performing index’s return. If the lesser-performing index declines by 30% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines from its initial level if it falls by more than 30%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying indexes:S&P 500 and Dow Jones industrial average
Amount:$701,000
Maturity:Dec. 31, 2025
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 1.05 times lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:3,690.01 for S&P, 30,1729.83 for Dow
Barrier levels:2,583.01 for S&P, 21,090.88 for Dow; 70% of initial levels
Pricing date:Dec. 23
Settlement date:Dec. 29
Agent:Barclays
Fees:4.125%
Cusip:01747QRL3

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.