Published on 4/30/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $107,000 buffered SuperTrack notes on Russell
By Wendy Van Sickle
Columbus, Ohio, April 30 – Barclays Bank plc priced $107,000 of 0% buffered SuperTrack notes due April 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, with the return capped at 27%.
If the index falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Russell 2000 index
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Amount: | $107,000
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Maturity: | April 28, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, with the return capped at 27%; par if index falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
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Initial index level: | 1,281.88
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Buffer level: | 1,153.69, 90% of initial level
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | Barclays
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Fees: | 3.05%
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Cusip: | 06747PNR6
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