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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
Issue:Buffered SuperTrack notes
Underlying indexes:Russell 2000 index, Dow Jones industrial average
Amount:$3,578,000
Maturity:Oct. 29, 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’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
Initial levels:2,296.08 for Russell, 35,756.88 for Dow
Buffer levels:1,871.3 for Russell, 29,141.86 for Dow; 81.5% of initial levels
Pricing date:Oct. 26
Settlement date:Oct. 29
Agent:Barclays
Fees:3.5%
Cusip:06748WKZ5

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