Published on 5/19/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $295,000 seven-year notes on Barclays Trailblazer Sectors
By Wendy Van Sickle
Columbus, Ohio, May 19 – Barclays Bank plc priced $295,000 of 0% notes due May 20, 2027 linked to the Barclays Trailblazer Sectors 5 index, according to a 525B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain.
If the index falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Trailblazer Sectors 5
|
| Amount: | $295,000
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| Maturity: | May 20, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain; floor of par
|
| Initial level: | 206.7026
|
| Pricing date: | May 15
|
| Settlement date: | May 20
|
| Agent: | Barclays
|
| Fees: | 4.25%
|
| Cusip: | 06747PRH4
|
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