Published on 7/19/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $362,000 buffered SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, July 19 – Barclays Bank plc priced $362,000 of 0% buffered SuperTrack notes due May 31, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double the index gain, up to a maximum payout of par plus 12.85%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500
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Amount: | $362,000
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Maturity: | May 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, capped at par plus 12.85%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 4,200.88
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Buffer level: | 3,780.79; 90% of initial level
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | Barclays
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Fees: | 1.05%
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Cusip: | 06748EMX8
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