Published on 6/8/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.77 million market-linked notes on S&P
By Wendy Van Sickle
Columbus, Ohio, June 8 – Barclays Bank plc priced $2.77 million of 0% market-linked notes due June 3, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at $13.50 per $10.00 of notes. Investors will receive par if the index finishes flat or falls.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2,767,500
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Maturity: | June 3, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at $13.50 per $10 of notes; par otherwise
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Initial price: | 3,044.31
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Pricing date: | May 29
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Settlement date: | June 3
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Agents: | Barclays
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Fees: | 3.5%
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Cusip: | 06747H636
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