Despite the negative sentiment on the global financial markets, a Barclays note on the Nasdaq-100 is on track to deliver the maximum possible return at the end of the month.
Barclays’ Buffered SuperTrack Notes (06747MQC3) are due to mature in three weeks’ time. The notes were distributed in the US via Raymond James and sold $489,000 at inception. It struck on 24 May 2019 when the level of the underlying Nasdaq 100 was 7,300.96 basis points. With the help of the Structrpro.com tool, we analysed the possible outcomes. The 3.5-year registered note offers 150% participation in the rise of the index, providing it closes at or above 90% of its initial level