Published on 12/4/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.78 million buffered SuperTrack notes tied to S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Dec. 4 – arclays Bank plc priced $1.78 million of 0% buffered SuperTrack notes due Nov. 28, 2025 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain the lesser performing index, capped at par plus 64%.
Investors will receive par if the index finishes flat or falls by 15% or less.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | S&P 500 and Dow Jones industrial average
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| Amount: | $1.78 million
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| Maturity: | Nov. 28, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any gain of lesser performing index, capped at par plus 64%; par if lesser-performing index is flat or falls by 15% or less; 1% for each 1% decline beyond 15%
|
| Initial levels: | 3,635.41 for S&P and 30,046.24 for Dow
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| Buffer levels: | 3,090.1 for S&P and 25,539.3 for Dow; or 85% of initial level
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | Barclays
|
| Fees: | 3.875%
|
| Cusip: | 06747QR33
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