Published on 10/8/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.49 million notes due 2026 linked to S&P, Dow, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, Oct. 8 Barclays Bank plc priced $2.49 million of 0% notes due Oct. 5, 2026 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.35 times any gain of the least performing index.
Investors will be exposed to up to 5% of any decline of the least performing index, with a minimum payout of 95% of par.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Notes
|
Underlying indexes: | S&P 500, Nasdaq-100, Dow Jones industrial average
|
Amount: | $2,487,000
|
Maturity: | Oct. 5, 2026
|
Contingent coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.35 times any gain of least performing index; exposure to up to 5% of any decline of the least performing index, with a minimum payout of 95% of par
|
Initial levels: | 2,976.74 for S&P, 7,749.45 for Nasdaq, 26,916.83 for Dow
|
Pricing date: | Sept. 30
|
Settlement date: | Oct. 3
|
Agent: | Barclays
|
Fees: | 0.85%
|
Cusip: | 06747NHF4
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.