Published on 4/20/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.92 million buffered SuperTrack notes on S&P, Nasdaq, Dow
By Sarah Lizee
Olympia, Wash., April 20 – Barclays Bank plc priced $2.92 million of 0% buffered SuperTrack notes due April 14, 2025 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the least performing index gain.
If the least performing index declines up to 30%, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond 30%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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Amount: | $2,916,000
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Maturity: | April 14, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus par plus 1.5 times any gain of least performing index; par if least performing index falls by up to buffer level; otherwise, 1% loss for each 1% drop of least performing index beyond buffer
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Initial level: | 2,761.63 for S&P, 23,390.77 for Dow, 8,332.74 for Nasdaq
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Buffer level: | 1,933.14 for S&P, 16,373.54 for Dow, 5,832.92 for Nasdaq, 70% of initial level
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Pricing date: | April 13
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Settlement date: | April 16
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Agent: | Barclays
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Fees: | 1.125%
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Cusip: | 06747PMP1
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