Published on 8/19/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.02 million buffered SuperTrack notes linked to S&P, Dow
By William Gullotti
Buffalo, N.Y., Aug. 19 – Barclays Bank plc priced $2.02 million of 0% buffered SuperTrack notes due Feb. 16, 2023 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.2 times the lesser-performing index’s return, capped at 17.05%.
If the lesser-performing index declines by 15% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average
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Amount: | $2,015,000
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Maturity: | Feb. 16, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index’s return is positive, par plus 1.2 times lesser-performing index’s return, capped at 17.05%; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if lesser-performing index’s final level is less than buffer level, 1% loss for every 1% that lesser-performing index declines beyond buffer
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Initial levels: | 4,468.0 for S&P, 35,515.38 for Dow
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Buffer levels: | 3,797.80 for S&P, 30,188.07 for Dow; 85% of initial levels
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Pricing date: | Aug. 13
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Settlement date: | Aug. 18
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Agent: | Barclays
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Fees: | 0.15%
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Cusip: | 06748W6T5
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