Published on 12/29/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $872,000 buffered SuperTrack notes on Euro Stoxx 50
By Marisa Wong
Los Angeles, Dec. 30 – Barclays Bank plc priced $872,000 of 0% buffered SuperTrack notes due Nov. 28, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the index return.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered SuperTrack notes
|
Underlying index: | Euro Stoxx 50 index
|
Amount: | $872,000
|
Maturity: | Nov. 28, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% index decline beyond 20% buffer
|
Initial level: | 3,507.98
|
Buffer level: | 2,806.38, 80% of initial level
|
Pricing date: | Nov. 24
|
Settlement date: | Nov. 30
|
Agent: | Barclays
|
Fees: | 3.5%
|
Cusip: | 06747QNZ6
|
|
© 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.