Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $870,000 buffered digital notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 14 – Barclays Bank plc priced $870,000 of 0% buffered digital notes due May 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 7.6%.
Otherwise, investors will lose 1% for every 1% index decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying index: | S&P 500 index
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Amount: | $870,000
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Maturity: | May 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 90% of its initial level, par plus 7.6%; otherwise, 1% loss for every 1% index decline beyond 10% buffer
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Initial level: | 4,188.13
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Buffer level: | 3,796.32; 90% of initial level
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Pricing date: | May 25
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Settlement date: | May 28
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Agent: | Barclays
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Fees: | 2.85%
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Cusip: | 06748EN74
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