Published on 7/26/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $25.22 million barrier SuperTrack notes tied to S&P 500
Chicago, July 26 – Barclays Bank plc priced $25.22 million of 0% barrier SuperTrack notes due Aug. 17, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus three times any index gain, subject to a maximum return of par plus 11.25%.
Investors will be fully exposed to any losses if the index finishes below its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier SuperTrack notes
|
| Underlying index: | S&P 500
|
| Amount: | $25,217,000
|
| Maturity: | Aug. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any index gain, subject to a maximum gain of par plus 11.25%; otherwise, full exposure to any losses
|
| Initial level: | 4,258.49
|
| Pricing date: | July 20
|
| Settlement date: | July 23
|
| Agent: | Barclays
|
| Fees: | 2.1%
|
| Cusip: | 06748W6E8
|
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