Published on 5/19/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $170,000 barrier digital plus notes linked to S&P, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, May 19 – Barclays Bank plc priced $170,000 of 0% barrier digital plus notes due Feb. 21, 2023 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes at or above its initial level, the payout at maturity will be par plus greater of the digital return of 18% and the gain of the worse performing index.
If either underlying index falls by but not below its 75% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Barrier digital plus notes
|
Underlying assets: | S&P 500 index, Nasdaq-100 index
|
Amount: | $170,000
|
Maturity: | Feb. 21, 2023
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If each index gains, par plus greater of return of worse performing index and 18%; if either index falls by up to 25%, par; otherwise, 1% loss per 1% decline of worse performing index
|
Initial levels: | 2,863.7 for S&P, 9,152.64 for Nasdaq
|
Barrier levels: | 2,147.78 for S&P, 6,864.48 for Nasdaq, 75% of initial levels
|
Pricing date: | May 15
|
Settlement date: | May 20
|
Agent: | Barclays
|
Fees: | 1.35%
|
Cusip: | 06747PRZ4
|
|
© 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.