Published on 10/17/2018 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $899,000 buffered digital notes due 2020 tied to S&P 500
By Susanna Moon
Chicago, Oct. 17 – Barclays Bank plc priced $899,000 of 0% buffered digital notes due Sept. 28, 2020 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 its 90% threshold level, the payout at maturity will be par plus the digital percentage of 10%.
Otherwise, investors will be exposed to any losses beyond the 10% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying asset: | S&P 500 index
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Amount: | $899,000
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Maturity: | Sept. 28, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or falls by up to 10%, par plus 10%; otherwise, 1% loss per 1% decline beyond 10%
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Initial level: | 2,915.56
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | Barclays
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Fees: | 2.8%
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Cusip: | 06746XNR0
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