Published on 2/2/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $772,000 buffered digital notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – Barclays Bank plc priced $772,000 of 0% buffered digital notes due Jan. 31, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is at least negative 12%, the payout at maturity will be par plus 8%.
If the index return is less than negative 12%, investors will lose 1% for every 1% decline beyond 12%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | S&P 500
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Amount: | $772,000
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Maturity: | Jan. 31, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is at least negative 12%, par plus 8%; otherwise, investors will lose 1% for every 1% decline beyond 12%
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Initial index level: | 2,872.87
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Barclays
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Fees: | 2.8%
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Cusip: | 06744CR45
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