Published on 4/24/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $50,000 digital notes linked to Home Depot
By Wendy Van Sickle
Columbus, Ohio, April 24 – Barclays Bank plc priced $50,000 of 0% digital notes due May 6, 2021 linked to the common stock of Home Depot, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to 80% of the initial share price, the payout at maturity will be par of $10,000 plus 11.8%.
If the stock finishes below the 80% buffer value, investors will receive 60.66489 Home Depot shares, which is equal to $10,000 divided by the buffer value.
Barclays is the agent. JPMorgan is the placement agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying stock: | Home Depot, Inc.
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Amount: | $50,000
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Maturity: | May 6, 2021
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Coupon: | 0%
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Price: | Par of $10,000
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Payout at maturity: | If the final share price is greater than or equal to the buffer value, par plus 11.8%; if the stock finishes below the buffer value, 60.66489 Home Depot shares
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Initial share price: | $206.05
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Buffer value: | $164.84, 80% of initial share price
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Pricing date: | April 21
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Settlement date: | April 24
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Agent: | Barclays with JPMorgan as placement agent
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Fees: | 1%
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Cusip: | 06741WGN4
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