Published on 10/29/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.58 million buffered SuperTrack notes linked to Russell, Dow
By William Gullotti
Buffalo, N.Y., Oct. 29 – Barclays Bank plc priced $3.58 million of 0% buffered SuperTrack notes due Oct. 29, 2026 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, 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 18.5% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 18.5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average
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Amount: | $3,578,000
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Maturity: | Oct. 29, 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’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if lesser-performing index’s final level is less than buffer level, 1% loss for every 1% that lesser-performing index declines beyond buffer
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Initial levels: | 2,296.08 for Russell, 35,756.88 for Dow
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Buffer levels: | 1,871.3 for Russell, 29,141.86 for Dow; 81.5% of initial levels
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Pricing date: | Oct. 26
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Settlement date: | Oct. 29
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06748WKZ5
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