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