Published on 5/17/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.93 million buffered digital notes tied to S&P 500
By Marisa Wong
Los Angeles, May 17 – Barclays Bank plc priced $4.93 million of 0% buffered digital notes due March 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 10.5%.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $4,925,000
|
| Maturity: | March 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 90% of its initial level, par plus 10.5%; otherwise, 1% loss for every 1% index decline beyond 10% buffer
|
| Initial level: | 3,974.54
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | Barclays
|
| Fees: | 2.82%
|
| Cusip: | 06748EBB8
|
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