Published on 9/23/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.3 million buffered PLUS linked to Nasdaq-100
By Kiku Steinfeld
Chicago, Sept. 23 – Barclays Bank plc priced $4.3 million of 0% buffered Performance Leveraged Upside Securities due Oct. 21, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index gain, capped at $11.175 per each $10.00 note. Investors will receive par if the index finishes flat or declines by 9% or less and will lose 1% for every 1% that it declines beyond 9%.
Barclays is the agent with Morgan Stanley Wealth Management as a dealer.
Issuer: | Barclays Bank plc
|
Issue: | Buffered Performance Leveraged Upside Securities
|
Underlying index: | Nasdaq-100
|
Amount: | $4,300,890
|
Maturity: | Oct. 21, 2021
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 150% of any index gain, capped at $11.175 per each $10.00 note; par if index declines by buffer or less; 1% loss for every 1% index decline beyond buffer
|
Initial level: | 11,247.60
|
Buffer level: | 10,235.316, 91% of initial level
|
Pricing date: | Sept. 16
|
Settlement date: | Sept. 21
|
Agent: | Barclays with Morgan Stanley Wealth Management as a dealer
|
Fees: | 2.25%
|
Cusip: | 06747K746
|
© 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.