Published on 1/18/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $927,000 buffered digital notes linked to Dow Jones industrial average
By Taylor Fox
New York, Jan. 19 – Barclays Bank plc priced $927,000 of 0% buffered digital notes due March 28, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, investors will receive par plus 5.5%. Investors will receive par if the index declines, but not more than 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | Dow Jones industrial average
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Amount: | $927,000
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Maturity: | March 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 5.5%; par if index declines by not more than 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
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Initial index level: | 30,129.83
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Buffer level: | 90% of initial level
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Barclays
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Fees: | 1.8%
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Cusip: | 06747QRG4
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