Published on 5/27/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $60,000 digital notes linked to lululemon
Chicago, May 27 – Barclays Bank plc priced $60,000 of 0% digital notes due June 4, 2021 linked to the common stock of lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to 80% of the initial share price, the payout at maturity will be par of $10,000 plus 12%.
If the stock finishes below the 80% buffer value, investors will receive 48.89497 lululemon shares, which is equal to $10,000 divided by the buffer value.
Barclays is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying stock: | lululemon athletica inc.
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Amount: | $60,000
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Maturity: | June 4, 2021
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Coupon: | 0%
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Price: | Par of $10,000
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Payout at maturity: | If the final share price is greater than or equal to the buffer value, par plus 12%; if the stock finishes below the buffer value, 48.89497 lululemon shares
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Initial share price: | $255.65
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Buffer value: | $204.52, 80% of initial share price
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Pricing date: | May 19
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Settlement date: | May 21
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Agents: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agent
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Fees: | 1%
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Cusip: | 06741WHD5
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