Published on 7/7/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.69 million barrier SuperTrack notes linked to S&P, Dow, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, July 7 – Barclays Bank plc priced $6.69 million of 0% barrier SuperTrack notes due June 30, 2025 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is positive, the payout at maturity will be par plus 1.7 times the least-performing index’s return. If the least-performing index declines by 30% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines from its initial level if it falls by more than 30%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Nasdaq-100, S&P 500 and Dow Jones industrial average
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Amount: | $6,689,000
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Maturity: | June 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is positive, par plus 1.7 times least-performing index’s return; if least-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if least-performing index’s final level is less than barrier level, 1% loss for every 1% that least-performing index declines from initial level
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Initial level: | 10,101.83 for Nasdaq, 3,083.76 for S&P, 25,745.6 for Dow
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Barrier levels: | 7,071.28 for Nasdaq, 2,158.63 for S&P, 18,021.92 for Dow; 70% of initial levels
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | 4.125%
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Cusip: | 06747PWC9
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