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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
Issue:Buffered SuperTrack notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index
Amount:$2,977,000
Maturity:Dec. 31, 2026
Coupon:0%
Price:Par
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
Initial levels:36,398.21 for Dow, 2,246.5 for Russell
Buffer levels:29,482.55 for Dow, 1,819.67 for Russell; 81% of initial levels
Pricing date:Dec. 28
Settlement date:Dec. 31
Agent:Barclays
Fees:3.5%
Cusip:06748WVT7

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