Published on 4/16/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $179,000 notes on S&P 500, Russell 2000
By Wendy Van Sickle
Columbus, Ohio, April 16 – Barclays Bank plc priced $179,000 of notes due April 18, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the return of the least performing index, subject to a maximum return of 22%.
Investors will be exposed to the first 5% of any loss of the least performing index, with a minimum payout of $950 per $1,000 principal amount of notes.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlier: | S&P 500 and Russell 2000
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Amount: | $179,000
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Maturity: | April 18, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus return of least performing index with a cap of 22% return; exposure to first 5% of any loss of the least performing index with a minimum payout of $950 per $1,000 principal amount of notes
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Initial levels: | 2,846.06 for S&P, 1,237.33 for Russell
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Buffer levels: | 95% of initial levels
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Pricing date: | April 14
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Settlement date: | April 17
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Agent: | Barclays
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Fees: | 1.85%
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Cusip: | 06747PLN7
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