Published on 8/5/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $280,000 barrier SuperTrack notes tied to Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – Barclays Bank plc priced $280,000 of 0% barrier SuperTrack notes due July 31, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.58 times any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier SuperTrack notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $280,000
|
| Maturity: | July 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 158% of any index gain; if index falls by up to 30%, par; otherwise, full exposure to any losses
|
| Initial level: | 3,303.56
|
| Barrier level: | 2,312.49, 70% of initial level
|
| Pricing date: | July 28
|
| Settlement date: | July 31
|
| Agent: | Barclays
|
| Fees: | 2.5%
|
| Cusip: | 06747QA80
|
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