Published on 7/15/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $932,000 buffered digital notes tied to Russell 2000
By Kiku Steinfeld
Chicago, July 15 – Barclays Bank plc priced $932,000 of 0% buffered digital notes due Dec. 31, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 13.75%.
Otherwise, investors will lose 1% for every 1% index decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | Russell 2000 index
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Amount: | $932,000
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Maturity: | Dec. 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 85% of its initial level, par plus 13.75%; otherwise, 1% loss for every 1% index decline beyond 15% buffer
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Initial level: | 2,246.51
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Buffer level: | 1,909.53; 85% of initial level
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Barclays
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Fees: | 2.9%
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Cusip: | 06748WVS9
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