Published on 2/4/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $2.05 million leveraged market-linked notes on S&P 500 Value
By Wendy Van Sickle
Columbus, Ohio, Feb. 4 – Barclays Bank plc priced $2.05 million of 0% market-linked notes with leveraged upside participation and contingent downside due Feb. 4, 2026 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% times any index gain.
Investors will receive par if the index finishes flat or falls by up to 30% and lose 1% for each 1% decline if the index falls beyond 30%.
Wells Fargo Securities, LLC and Barclays are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes with leveraged upside participation and contingent downside
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Underlying index: | S&P 500 Value
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Amount: | $2,054,000
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Maturity: | Feb. 4, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain; par if index falls by up to 30%; full exposure to decline otherwise
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Initial price: | 1,271.85
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Threshold price: | 890.295, 70% of initial price
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Pricing date: | Jan. 30
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Settlement date: | Feb. 4
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Agents: | Wells Fargo Securities, LLC and Barclays
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Fees: | 4.25%
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Cusip: | 06747NX82
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