Published on 12/10/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.92 million barrier SuperTrack notes linked to S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Barclays Bank plc priced $1.92 million of 0% barrier SuperTrack notes due Dec. 3, 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 143% of the lesser-performing index’s return. If the lesser-performing index declines by 50% or less, the payout will be par. If it declines by more than 50%, investors will lose 1% for each 1% that the lesser-performing index declines from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Barrier SuperTrack notes
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Underlying indexes: | S&P 500 and Dow Jones industrial average
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Amount: | $1,915,000
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Maturity: | Dec. 3, 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 143% of lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
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Initial levels: | 3,153.63 for S&P and 28,164.0 for Dow
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Barrier levels: | 1,576.82 for S&P and 14,082.0 for Dow; 50% of initial levels
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Pricing date: | Nov. 27
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Settlement date: | Dec. 3
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Agent: | Barclays
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Fees: | 1.125%
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Cusip: | 06747NNK6
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