New Issue: Barclays prices $277,000 barrier SuperTrack notes linked to Nasdaq, Russell

By Kiku Steinfeld

Chicago, June 29 – Barclays Bank plc priced $277,000 of 0% barrier SuperTrack notes due Dec. 27, 2024 linked to the least performing of the Russell 2000 index and the Nasdaq-100 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 1.1 times the least-performing index’s return. If the least-performing index declines by 30% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines from its initial level if it falls by more than 30%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier SuperTrack notes
Underlying indexes:	Russell 2000 index and Nasdaq-100 index
Amount:	$277,000
Maturity:	Dec. 27, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If least-performing index’s return is positive, par plus 1.1 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 barrier level, par; if least-performing index’s final level is less than barrier level, 1% loss for every 1% that least-performing index declines from initial level
Initial levels:	16,180.14 for Nasdaq, 2,221.903 for Russell
Barrier levels:	11,326.10 for Nasdaq, 1,555.33for Russell; 70% of initial levels
Pricing date:	Dec. 22, 2021
Settlement date:	Dec. 28, 2021
Agent:	Barclays
Fees:	1.85%
Cusip:	06748WW74

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.