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Published on 12/6/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $951,000 buffered SuperTrack notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, Dec. 6 – Barclays Bank plc priced $951,000 of 0% buffered SuperTrack notes due Nov. 27, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 2.15 times the lesser-performing index’s return, subject to a maximum return of par plus 40%.

If the lesser-performing index declines by 25% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$951,000
Maturity:Nov. 27, 2026
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 2.15 times lesser-performing index’s return, capped at 40%; 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:4,690.70 for S&P, 2,327.86 for Russell
Buffer levels:3,518.02 for S&P, 1,745.89 for Russell; 75% of initial levels
Pricing date:Nov. 23
Settlement date:Nov. 29
Agent:Barclays
Fees:1.125%
Cusip:06748WTS2

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