Published on 9/2/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.67 million buffered digital plus notes on S&P 500
By Marisa Wong
Los Angeles, Sept. 2 – Barclays Bank plc priced $1.67 million of 0% buffered digital plus notes due Feb. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 15.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital plus notes
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Underlying index: | S&P 500
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Amount: | $1,665,000
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Maturity: | Feb. 29, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, par plus 15.5%; otherwise, 1% loss for every 1% that index declines beyond 15%
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Initial level: | 3,478.73
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Barclays
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Fees: | 3.55%
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Cusip: | 06747QCN5
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