Published on 8/16/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays price $1.09 million of digital notes linked to S&P, Stoxx, oil & gas ETF
By Wendy Van Sickle
Columbus, Ohio, Aug. 16 – Barclays Bank plc priced $1.09 million of 0% digital notes due Aug. 12, 2021 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.
If each underlying asset finishes at or above its 65% barrier level, the payout at maturity will be par plus the digital return of 44%.
Otherwise, investors will be fully exposed to the decline in the worst performing asset.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying assets: | S&P 500 index, Euro Stoxx 50, SPDR S&P Oil & Gas Exploration & Production ETF
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Amount: | $1,088,000
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Maturity: | Aug. 12, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlying asset finishes at or above 65% barrier level, par plus 44%; otherwise, full exposure to any losses of worst performing asset
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Initial levels: | 2,474.02 for S&P and 3,468.45 for Stoxx, $30.82 for ETF
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Barrier levels: | 1,608.11 for S&P and 2,254.49 for Stoxx, $20.03 for ETF; 65% of initial levels
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Pricing date: | Aug. 9
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Settlement date: | Aug. 16
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Agent: | Barclays
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Fees: | 0.4%
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Cusip: | 06744CGH8
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