Published on 12/23/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.38 million buffered SuperTrack notes tied to Dow, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Dec. 23 – Barclays Bank plc priced $1.38 million of 0% buffered SuperTrack notes due June 21, 2024 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is positive, the payout at maturity will be par plus 1.26 times the least-performing index’s return.
If the least-performing index declines by 15% or less, the payout will be par. Investors will lose 1% for each 1% that the least-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: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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Amount: | $1,375,000
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Maturity: | June 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is positive, par plus 1.26 times least-performing index’s return; if least-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if least-performing index’s final level is less than buffer level, 1% loss for every 1% that least-performing index declines beyond buffer
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Initial levels: | 32,920.46 for Dow, 1,763.42 for Russell, 11,243.72 for Nasdaq
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Buffer levels: | 27,982.39 for Dow, 1,498.91 for Russell, 9,557.16 for Nasdaq; 85% of initial levels
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Pricing date: | Dec. 16
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Settlement date: | Dec. 21
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Agent: | Barclays
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Fees: | 0.65%
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Cusip: | 06749ND66
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