By Angela McDaniels
Tacoma, Wash., Aug. 7 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due Feb. 22, 2022 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
For each index, its final level will be the average of its closing levels on each trading day from Nov. 18, 2021 to and including Feb. 17, 2022.
If the lesser-performing index’s return is greater than negative 6%, the payout at maturity will be par plus 1.89 times the sum of the lesser-performing index’s return and 6%, subject to a maximum return of 56.7%.
If the lesser-performing index’s return is equal to or less than negative 6% and greater than or equal to negative 16%, the payout will be par.
If the lesser-performing index’s return is less than negative 16%, investors will lose 1% for each 1% that the lesser-performing index declines beyond 16%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $2 million
|
| Maturity: | Feb. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing index’s return is greater than negative 6%, plus 1.89 times sum of lesser-performing index’s return and 6%, subject to 56.7% maximum return; if lesser-performing index’s return is equal to or less than negative 6% and greater than or equal to negative 16%, par; if lesser-performing index’s return is less than negative 16%, 1% loss for each 1% that lesser-performing index declines beyond 16%
|
| Initial index levels: | 1,405.23 for Russell 2000 and 2,472.16 for S&P 500
|
| Final levels: | Average of index’s closing levels on each trading day from Nov. 18, 2021 to and including Feb. 17, 2022
|
| Pricing date: | Aug. 3
|
| Settlement date: | Aug. 8
|
| Agent: | Barclays
|
| Fees: | 1.5%
|
| Cusip: | 06744CFT3
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