Published on 8/22/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.96 million buffered SuperTrack notes tied to S&P, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Aug. 22 – Barclays Bank plc priced $3.96 million of 0% buffered SuperTrack notes due Aug. 23, 2023 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is positive, the payout at maturity will be par plus 1.5 times the least-performing index’s return, subject to a maximum return of par plus 14.4%.
If the least-performing index declines by 28% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines beyond 28%.
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 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $3,956,000
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Maturity: | Aug. 23, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is positive, par plus 1.5 times least-performing index’s return, capped at 14.4%; if least-performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if least-performing index’s final level is less than buffer level, 1% loss for every 1% that least-performing index declines beyond buffer
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Initial levels: | 4,274.04 for S&P, 1,987.314 for Russell, 13,470.86 for Nasdaq
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Buffer levels: | 3,077.31 for S&P, 1,430.87 for Russell, 9,699.02 for Nasdaq; 72% of initial levels
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Pricing date: | Aug. 18
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Settlement date: | Aug. 22
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Agent: | Barclays
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Fees: | 0.5%
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Cusip: | 06748XME8
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