Published on 1/4/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.98 million buffered SuperTrack notes linked to Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Barclays Bank plc priced $2.98 million of 0% buffered SuperTrack notes due Dec. 31, 2026 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, 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 the lesser-performing index’s return.
If the lesser-performing index declines by 19% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 19%.
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
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Amount: | $2,977,000
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Maturity: | Dec. 31, 2026
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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 the lesser-performing index’s return; if lesser-performing index declines by no more than buffer level, par; 1% loss for each 1% that the lesser-performing index declines beyond buffer
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Initial levels: | 36,398.21 for Dow, 2,246.5 for Russell
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Buffer levels: | 29,482.55 for Dow, 1,819.67 for Russell; 81% of initial levels
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Pricing date: | Dec. 28
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Settlement date: | Dec. 31
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06748WVT7
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