Published on 9/12/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $85,000 barrier SuperTrack notes due 2025 linked to S&P
By Taylor Fox
New York, Sept. 14 – Barclays Bank plc priced $85,000 of 0% barrier SuperTrack notes due Sept. 5, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier SuperTrack notes
|
| Underlying index: | S&P 500
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| Amount: | $85,000
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| Maturity: | Sept. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain; par if the index falls by up to 25%; full exposure to any losses if index falls below barrier level
|
| Initial level: | 3,526.65
|
| Barrier level: | 2,644.99, 75% of initial level
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 4
|
| Agent: | Barclays
|
| Fees: | 0.9%
|
| Cusip: | 06747QF36
|
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