Published on 2/12/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $8.75 million buffered PLUS tied to index basket
By Sarah Lizee
Olympia, Wash., Feb. 12 – Barclays Bank plc priced $8.75 million of 0% buffered Performance Leveraged Upside Securities due Aug. 4, 2022 linked to a basket containing the Dow Jones industrial average, the Russell 2000 index and the Euro Stoxx 50 index with equal weights, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any basket gain, up to par plus 35%.
If the basket falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 10%.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Basket components: | Dow Jones industrial average, the Russell 2000 index and the Euro Stoxx 50 index (equally weighted)
|
| Amount: | $8,745,860
|
| Maturity: | Aug. 4, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any basket gain, up to par plus 35%; par if basket falls by up to 10%; otherwise, 1% loss for every 1% decline beyond 10%
|
| Initial basket level: | 28,256.03 for Dow, 1,614.061 for Russell, 3,640.91 for Stoxx
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06747F721
|
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