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Published on 8/30/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.41 million buffered digital notes on Nasdaq, Dow

By Taylor Fox

New York, Aug. 31 – Barclays Bank plc priced $1.41 million of 0% buffered digital notes due Sept. 23, 2021 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least performing index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 11.7%.

If the final level of the least performing index is less than 90% of its initial level, investors will have 1-to-1 exposure to the losses of the worst performer beyond the 10% buffer.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered digital notes
Underlying indexes:Nasdaq-100 index and Dow Jones industrial average
Amount:$1,405,000
Maturity:Sept. 23, 2021
Coupon:0%
Price:Par
Payout at maturity:If the final level of the least performing index is greater than or equal to its buffer level, the payout at maturity will be par plus 11.7%; if the final level of the least performing index is less than 90% of its initial level, investors will have 1-to-1 exposure to the losses of the worst performer beyond the 10% buffer
Initial index levels:11,399.03 for Nasdaq, 27,778.07 for Dow
Buffer levels:10,259.13 for Nasdaq, 25,000.26 for Dow, 90% of initial levels
Pricing date:Aug. 18
Settlement date:Aug. 21
Agent:Barclays
Fees:0.525%
Cusip:06747QE78

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