E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 5/19/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $565,000 leveraged market-linked notes on Nasdaq-100

By Wendy Van Sickle

Columbus, Ohio, May 19 – Barclays Bank plc priced $565,000 of 0% market-linked notes with leveraged upside participation to a cap and contingent downside due May 20, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% times any index gain, capped at $1,260 per $1,000 of notes. Investors will receive par if the index finishes flat or falls by up to 15% and lose 1% for each 1% decline if the index falls beyond 15%.

Wells Fargo Securities, LLC and Barclays are the agents.

Issuer:Barclays Bank plc
Issue:Market-linked notes with leveraged upside participation to a cap and contingent downside
Underlying index:Nasdaq-100 index
Amount:$565,000
Maturity:May 20, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 2 times any index gain, capped at $1,260 per $1,000 of notes; par if index falls by up to 15%; full exposure to decline otherwise
Initial price:9,152.639
Threshold price:7,779.74315, 85% of initial price
Pricing date:May 15
Settlement date:May 20
Agents:Wells Fargo Securities, LLC and Barclays
Fees:2.62%
Cusip:06747PSB6

© 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.