Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $350,000 dual directional barrier notes linked to Nasdaq
Chicago, May 18 – Barclays Bank plc priced $350,000 of 0% dual directional barrier notes due Oct. 31, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, investors will receive par plus the return, capped at par plus 23.5%.
If the index declines but finishes above the 80% barrier level, investors will receive par plus the absolute value of the index.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Dual directional barrier notes
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Underlying index: | Nasdaq-100 index
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Amount: | $350,000
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Maturity: | Oct. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus return capped at par plus 23.5%; par plus absolute value of index if index declines but finishes above barrier level; otherwise, full exposure to losses of index
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Initial index level: | 15,559.49
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Buffer level: | 12,447.59; 80% of initial level
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Pricing date: | Oct. 26, 2021
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Settlement date: | Oct. 29, 2021
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Agent: | Barclays
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Fees: | 2.5%
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Cusip: | 06748WMD2
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