Published on 9/13/2020 in the Prospect News Structured Products Daily.
New Issue: TD sells $640,000 autocallable leveraged barrier notes tied to three indexes
By Kiku Steinfeld
Chicago, Sept. 14 – Barclays Bank plc priced $640,000 of autocallable leveraged barrier notes due Sept. 9, 2022 linked to the least performing index of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a premium of 12.5% if each index closes above its initial level on Sept. 3, 2021.
If the notes are not called and each index finishes above its initial level, the payout at maturity will be par plus double the gain of the least performing index. If any index finishes flat or falls by up to 37% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the least performing index.
TD Securities (USA) LLC is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Autocallable leveraged barrier notes
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| Underlying assets: | Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index
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| Amount: | $640,000
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| Maturity: | Sept. 9, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus double any gain of least performing index; par if any index finishes flat or falls by up to 37% of its initial level; otherwise, exposure to decline of least performing index
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| Call: | At par plus premium of 12.5% if each index closes above initial level on Sept. 3, 2021
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| Initial levels: | 11,771.37 for Nasdaq, 1,544.680 for Russell, 28,292.73 for Dow
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| Barrier levels: | 7,415.9631 for Nasdaq, 973.1484 for Russell, 17,824.4199 for Dow, 63% of initial levels
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| Pricing date: | Sept. 3
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| Settlement date: | Sept. 9
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| Agent: | TD Securities (USA) LLC
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| Fees: | 1%
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| Cusip: | 89114RRX6
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