Published on 5/17/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $176,000 buffered digital notes tied to the Dow
By Marisa Wong
Los Angeles, May 17 – Barclays Bank plc priced $176,000 of 0% buffered digital notes due March 31, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 15.5%.
Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered digital notes
|
Underlying index: | Dow Jones industrial average
|
Amount: | $176,000
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Maturity: | March 31, 2025
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | If index finishes at or above 85% of its initial level, par plus 15.5%; otherwise, 1% loss for every 1% index decline beyond 15% buffer
|
Initial level: | 33,072.88
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Pricing date: | March 26
|
Settlement date: | March 31
|
Agent: | Barclays
|
Fees: | 3.05%
|
Cusip: | 06748EBC6
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