Published on 2/28/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $545,000 barrier digital notes linked to Square stock
By Angela McDaniels
Tacoma, Wash., Feb. 28 – Barclays Bank plc priced $545,000 of 0% barrier digital notes due Aug. 27, 2020 linked to the class A common stock of Square, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the upper barrier value, 80% of the initial share price, the payout at maturity will be par plus 21.4%.
If the final share price is less than the upper barrier value but greater than or equal to the lower barrier value, 55% of the initial share price, the payout will be par.
If the final share price is less than the lower barrier value, investors will lose 1% for every 1% that the stock declines from the initial share price.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Barrier digital notes
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Underlying: | Square, Inc. (Symbol: SQ)
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Amount: | $545,000
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Maturity: | Aug. 27, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than or equal to upper barrier value, par plus 21.4%; if final share price is less than upper barrier value but greater than or equal to lower barrier value, par; if final share price is less than lower barrier value, 1% loss for every 1% that stock declines from initial share price
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Initial share price: | $77.95
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Upper barrier value: | $62.36, 80% of initial share price
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Lower barrier value: | $42.87, 55% of initial share price
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Pricing date: | Feb. 26
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Settlement date: | March 1
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Agent: | Barclays
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Fees: | 2.375%
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Cusip: | 06747MEV4
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