Published on 3/19/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $550,000 buffered digital notes linked to Facebook
By Wendy Van Sickle
Columbus, Ohio, March 19 – Barclays Bank plc priced $550,000 of 0% buffered digital notes due April 1, 2021 linked to the class A common stock of Facebook, Inc., according to a 424B2 filed with the Securities and Exchange Commission.
If the stock return is at least negative 15%, the payout at maturity will be par plus 9.85%.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying shares: | Facebook, Inc.
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Amount: | $550,000
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Maturity: | April 1, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the stock return is at least negative 15%, par plus 9.85%; otherwise, 1% loss for every 1% decline beyond 15%
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Initial stock price: | $165.98
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Buffer value: | $141.08, 85% of initial price
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Pricing date: | March 15
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Settlement date: | March 20
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06741WEV8
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