Published on 4/14/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.19 million autocallable notes tied to Nasdaq, Russell, Dow
Chicago, April 14 – Barclays Bank plc priced $1.19 million of 0% autocallable notes due April 6, 2023 linked to the least performing index of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual 16% call premium if each index closes above 95% its initial level on any semiannual observation date after one year.
If the notes are not called, this means the least performing index has closed below 95% of its initial level.
If the worst performer finishes above 70% of its initial level but below the 95% call level, the payout at maturity will be par.
Otherwise, investors will be exposed to the losses of the worst performing index.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable notes
|
| Underlying assets: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1,190,000
|
| Maturity: | April 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called, meaning worst performer finishes below 95% of initial level, par if worst performer still finishes above 70% of initial level; otherwise full exposure to losses of worst performer
|
| Call: | Automatically at par plus an annual 16% call premium if each index closes above 95% its initial level on any semiannual observation date after one year
|
| Initial levels: | 7,486.29 for Nasdaq, 1,071.99 for Russell, 20,943.51 for Dow
|
| Call values: | 7,111.98 for Nasdaq, 1,018.39 for Russell, 19,896.34 for Dow, 95% of initial levels
|
| Barrier values: | 5,240.40 for Nasdaq, 750.39 for Russell, 14,660.46 for Dow, 70% of initial levels
|
| Pricing date: | April 1
|
| Settlement date: | April 6
|
| Agent: | Barclays
|
| Fees: | 1%
|
| Cusip: | 06747PL31
|
|
|
© 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.
