Published on 8/5/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $822,000 buffered SuperTrack notes tied to the Dow
By Wendy Van Sickle
Columbus, Ohio, Aug. 5 – Barclays Bank plc priced $822,000 of 0% buffered SuperTrack notes due July 31, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at 50%.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Dow Jones industrial average
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Amount: | $822,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain up to 50%; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
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Initial index level: | 26,379.28
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Buffer level: | 21,103.42, 80% of initial level
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | Barclays
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Fees: | 3.31%
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Cusip: | 06747Q5H6
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