Published on 1/14/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.73 million 5.22% buffered fixed-rate notes on Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Barclays Bank plc priced $3.73 million of 5.22% buffered fixed-coupon notes due March 15, 2021 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable quarterly.
If the least-performing asset finishes at or above 82.5% of the initial level, the payout at maturity will be par.
Otherwise, investors will share in losses at a rate of 1.2121% per 1% drop beyond 17.5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Buffered fixed-coupon notes
|
Underlying indexes: | Russell 2000 index, Nasdaq-100 index
|
Amount: | $3,725,000
|
Maturity: | March 15, 2021
|
Coupon: | 5.22%, payable quarterly
|
Price: | Par
|
Payout at maturity: | If least-performing index finishes at or above 82.5% of initial level, par; otherwise, 1.2121% loss for every 1% decline of least-performing index beyond 17.5%
|
Initial levels: | 1,664.99 for Russell, 8,989.63 for Nasdaq
|
Buffer level: | 1,373.62 for Russell, 7,416.44 for Nasdaq, 82.5% of initial levels
|
Pricing date: | Jan. 10
|
Settlement date: | Jan. 15
|
Underwriter: | Barclays
|
Fees: | 0%
|
Cusip: | 06747P2N8
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.