Published on 11/19/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $549,000 buffered SuperTrack notes linked to S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – Barclays Bank plc priced $549,000 of 0% buffered SuperTrack notes due Nov. 18, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive, the payout at maturity will be par plus the lesser-performing index’s return. Investors will receive par if the lesser-performing index declines by 40% or less and will lose 1% for each 1% that the lesser-performing index declines beyond 40%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | S&P 500 and Dow Jones industrial average
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Amount: | $549,000
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Maturity: | Nov. 18, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index’s return is positive, par plus lesser-performing index’s return; par if lesser-performing index declines by 40% or less; 1% loss for each 1% that lesser-performing index declines beyond 40%
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Initial levels: | 3,094.04 for S&P 500 and 27,783.59 for Dow
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Buffer levels: | 1,856.42 for S&P 500 and 16,670.15 for Dow; 60% of initial levels
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Pricing date: | Nov. 13
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Settlement date: | Nov. 18
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Agent: | Barclays
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Fees: | 1.125%
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Cusip: | 06747NQZ0
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