Published on 7/24/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million buffered SuperTrack notes tied to indexes
By Kiku Steinfeld
Chicago, July 24 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due Jan. 26, 2022 linked to the lesser performing of the Russell 2000 index, the Nasdaq-100 index, the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain of the worse performing index up to a maximum return of 27%.
If any index falls by up to 20%, the payout will be par.
Otherwise, investors will receive par plus the return of the worse performing index plus 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Russell 2000 index, Nasdaq-100 index, Dow Jones industrial average and S&P 500 index
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Amount: | $2,000,000
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Maturity: | Jan. 26, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of the worse performing index up to a maximum return of 27%; par if any index falls by up to 20%; otherwise, par plus return of worse performing index plus 20%
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Initial levels: | 26,840.40 for Dow, 1,487.51 for Russell, 10,833.07 for Nasdaq, 3,257.30 for S&P
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Buffer levels: | 21,472.32 for Dow, 1,190.01 for Russell, 8,666.46 for Nasdaq, 2,605.84 for S&P; 80% of initial levels
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Pricing date: | July 21
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Settlement date: | July 24
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Agent: | Barclays
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Fees: | 0.5%
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Cusip: | 06747QB97
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