Published on 2/9/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.14 million capped buffered return enhanced notes on Expedia Group
By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Barclays Bank plc priced $1.14 million of 0% capped buffered return enhanced notes due Feb. 18, 2022 linked to the common stock of Expedia Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any gain in share price, up to a maximum return of 31.1%.
Investors will receive par if the stock declines by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Capped buffered return enhanced notes
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Underlying stock: | Expedia Group, Inc.
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Amount: | $1.14 million
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Maturity: | Feb. 18, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any gain, up to a maximum return of 31.1%; par if stock declines by up to 20%; 1.25% loss for every 1% loss that stock declines beyond 20%
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Initial price: | $136.13
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Buffer level: | $108.90, 80% of initial level
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Pricing date: | Feb. 3
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Settlement date: | Feb. 8
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Agent: | Barclays and JPMorgan Chase Bank, NA as placement agents
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Fees: | 1%
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Cusip: | 06748E5C3
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