Published on 8/28/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.19 million buffered SuperTrack notes tied to S&P, Dow
By Kiku Steinfeld
Chicago, Aug. 28 – Barclays Bank plc priced $2.19 million of 0% buffered SuperTrack notes due Aug. 26, 2026 tied to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.1 times any gain the lesser performing index, capped at par plus 60%.
Investors will receive par if the index finishes flat or falls by 20% or less.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying indexes: | S&P 500 and Dow Jones industrial average
|
| Amount: | $2,191,000
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| Maturity: | Aug. 26, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.1 times any gain of lesser performing index up, capped at par plus 60%; par if lesser-performing index is flat or falls by 20% or less; 1% for each 1% decline beyond 20%
|
| Initial levels: | 3,397.16, 27,930.33 for Dow
|
| Buffer levels: | 2,853.61 for S&P, 23,461.48 for Dow; or 80% of initial level
|
| Pricing date: | Aug. 21
|
| Settlement date: | Aug. 26
|
| Agent: | Barclays
|
| Fees: | 4.15%
|
| Cusip: | 06747QDS3
|
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