Published on 12/5/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $383,000 buffered SuperTrack notes linked to S&P, Russell, Dow
By Kiku Steinfeld
Chicago, Dec. 6 – Barclays Bank plc priced $383,000 of 0% buffered SuperTrack notes due Nov. 28, 2025 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 zero or positive, the payout at maturity will be par plus 1.16 times the worst performing index’s return. If the worst performing index declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% that the worst performing index declines beyond 10%.
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: | $383,000
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Maturity: | Nov. 28, 2025
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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 zero or positive, par plus 1.16 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: | 4,690.70 for S&P, 35,813.80 for Dow, 2,327.86 for Russell
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Buffer levels: | 4,221.63 for S&P, 32,232.42 for Dow, 2,095.07 for Russell; 90% of initial levels
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Pricing date: | Nov. 23
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Settlement date: | Nov. 29
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Agent: | Barclays
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Fees: | 4.1%
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Cusip: | 06748WQV8
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