Published on 12/10/2019 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.21 million buffered SuperTrack notes on S&P, Nasdaq, Dow
By Wendy Van Sickle
Columbus, Ohio, Dec. 10 – Barclays Bank plc priced $2.21 million of 0% buffered SuperTrack notes due Dec. 1, 2022 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus the least performing index gain.
If the least performing index declines up to 39%, investors will receive par.
Otherwise, investors will lose 1% for each 1% decline of the least performing index beyond 39%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index and Nasdaq-100 index
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| Amount: | $2,209,000
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| Maturity: | Dec. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus par plus any gain of least performing index; par if least performing index falls by up to 39%; otherwise, 1% loss for each 1% drop of least performing index beyond 39%
|
| Initial level: | 3,153.63 for S&P, 28,164.0 for Dow, 8,444.71 for Nasdaq
|
| Buffer level: | 1,923.71 for S&P, 17,180.04 for Dow, 5,151.27 for Nasdaq, 61% of initial level
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| Pricing date: | Nov. 27
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| Settlement date: | Dec. 3
|
| Agent: | Barclays
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| Fees: | 3.925%
|
| Cusip: | 06747NS47
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