Published on 11/16/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.53 million buffered SuperTrack notes linked to S&P 500
By Kiku Steinfeld
Chicago, Nov. 16 – Barclays Bank plc priced $2.53 million of 0% buffered SuperTrack notes due Oct. 30, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, capped at 38%. Investors will receive par if the index falls by up to the 20% buffer and will lose 1% for each 1% that it declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $2,530,000
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Maturity: | Oct. 30, 2025
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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 38%; par if index falls by no more than the 20% buffer; exposure to any losses beyond the buffer
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Initial level: | 3,390.68
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Buffer level: | 2,712.54 or 80% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Oct. 30
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Agent: | Barclays
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Fees: | 3.38%
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Cusip: | 06747QKR7
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