Published on 2/13/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $840,000 buffered SuperTrack notes linked to S&P 500, Dow
By Sarah Lizee
Olympia, Wash., Feb. 13 – Barclays Bank plc priced $840,000 of 0% buffered SuperTrack notes due Jan. 31, 2022 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in the lesser performing index, capped at par plus 19%.
If either index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying index: | S&P 500, Dow Jones industrial average
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| Amount: | $840,000
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| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 2 times any gain in the lesser performing index, capped at par plus 19%; par if either index falls by up to buffer level; otherwise, 1% loss for each 1% drop of the lesser performing index beyond buffer
|
| Initial levels: | 3,225.52 for S&P, 28,256.03 for Dow
|
| Buffer levels: | 2,902.97 for S&P, 25,430.43 for Dow, 90% of initial levels
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Barclays
|
| Fees: | 1.05%
|
| Cusip: | 06747NYN8
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