Published on 9/20/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $4.61 million buffered SuperTrack notes linked to S&P, Russell, Dow
By William Gullotti
Buffalo, N.Y., Sept. 20 – Barclays Bank plc priced $4.61 million of 0% buffered SuperTrack notes due July 5, 2023 linked to the lesser performing of the Dow Jones industrial average, 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 1.48 times the least performing index’s return.
If the worst performer declines by 5% or less, the payout will be par. Otherwise, investors will lose 1% for each 1% that the worst performer declines beyond 5%.
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, Dow Jones industrial average
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Amount: | $4,611,000
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Maturity: | July 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index’s return is positive, par plus 1.48 times lesser-performing index’s return; if worst performer’s final level is less than or equal to initial level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that the worst performer declines beyond buffer
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Initial levels: | 34,292.29 for Dow, 4,291.8 for S&P, 2,308.84 for Russell
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Buffer levels: | 32,577.68 for Dow, 4,077.21 for S&P, 2,193.4 for Russell; 95% of initial levels
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Pricing date: | June 29
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Settlement date: | July 2
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Agent: | Barclays
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Fees: | 0.8%
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Cusip: | 06748EXR9
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