Published on 10/4/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.51 million digital notes linked to Nasdaq-100
By Marisa Wong
Los Angeles, Oct. 5 – Barclays Bank plc priced $1.51 million of 0% digital notes due Oct. 14, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the barrier value, 80% of the initial index level, the payout at maturity will be par plus the digital return of 10%.
If the final index level is less than the barrier value, investors will lose 1% for every 1% that the index declines below the initial level.
Barclays is the agent, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
|
Issue: | Digital notes
|
Underlying index: | Nasdaq-100 index
|
Amount: | $1,505,000
|
Maturity: | Oct. 14, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 10% unless index falls by more than 20%, in which case full exposure to decline from initial level
|
Initial level: | 11,151.13
|
Barrier value: | 8,920.90, 80% of initial index level
|
Final level: | Average of index closing levels on five trading days ending Oct. 8, 2021
|
Pricing date: | Sept. 25
|
Settlement date: | Sept. 30
|
Agents: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
Fees: | 1%
|
Cusip: | 06747QK71
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.