Published on 7/8/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $680,000 buffered dual directional notes on Nasdaq, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, July 8 – Barclays Bank plc priced $680,000 of 0% buffered dual directional notes due July 5, 2024 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.18 times any gain in the least performing index.
If the least performing index falls by up to 15%, the payout will be par plus 50% of the absolute value of the return of that index.
Investors will lose 1% for every 1% decline of the least performing index beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered dual directional notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
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Amount: | $680,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.18 times any gain in the least performing index; if the least performing index falls by up to 15%, par plus 50% of the absolute value of the return of that index; exposure to the losses of the least performing index beyond 15%
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Initial levels: | 2,310.55 for Russell, 14,554.8 for Nasdaq, 34,502.51 for Dow
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Buffer values: | 1,963.97 for Russell, 12,371.58 for Nasdaq, 29,327.13 for Dow, 85% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | Barclays
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Fees: | 0.5%
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Cusip: | 06748EYK3
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