Published on 7/29/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.36 million buffered SuperTrack notes linked to S&P, Russell, Dow
By William Gullotti
Buffalo, N.Y., July 29 – Barclays Bank plc priced $3.36 million of 0% buffered SuperTrack notes due May 26, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index’s return is positive, the payout at maturity will be par plus 1.3 times the worst performing index’s return. If the worst performing index declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% that the worst performing index declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | S&P 500, Russell 2000, Dow Jones industrial average
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Amount: | $3,358,000
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Maturity: | May 26, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index’s return is positive, par plus 1.3 times worst performing index’s return; if worst performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if worst performing index’s final level is less than buffer level, 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 4,159.12 for S&P, 2,207.76 for Russell, 34,084.15 for Dow
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Buffer levels: | 3,327.3 for S&P, 1,766.21 for Russell, 27,267.32 for Dow; 80% of initial levels
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | Barclays
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Fees: | 1.12%
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Cusip: | 06748ERN5
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