Published on 3/27/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.4 million buffered SuperTrack notes on stock basket
Kiku Steinfeld
Chicago, March 29 – Barclays Bank plc priced $6.4 million of 0% buffered SuperTrack notes due March 22, 2022 linked to an equally-weighted basket containing the common stocks of EPR Properties, Vornado Realty Trust and Macerich Co., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any basket gain, up to a 30% maximum gain.
If the basket falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Basket components: | EPR Properties, Vornado Realty Trust and Macerich Co.; equally weighted
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Amount: | $6.4 million
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Maturity: | March 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any basket gain, up to a 30% maximum gain; if the basket falls by up to 20%, the payout will be par; investors will lose 1.25% for every 1% decline beyond 20%
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Initial level: | $47.88 for EPR Properties, $46.76 for Vornado, $13.55 for Macerich
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Buffer level: | 80% of initial basket level
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Pricing date: | March 11
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Settlement date: | March 16
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06748EEV1
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