By Sarah Lizee
Olympia, Wash., June 25 – Barclays Bank plc priced $2.74 million of 0% buffered SuperTrack notes due April 21, 2022 linked to a basket containing the SPDR S&P MidCap 400 ETF Trust with a 60% weight and the iShares Russell 2000 ETF with a 40% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any basket gain, up to a 22% maximum gain.
If the basket falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Basket components: | SPDR S&P MidCap 400 ETF Trust with a 60% weight and iShares Russell 2000 ETF with a 40% weight
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| Amount: | $2.74 million
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| Maturity: | April 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any basket gain, up to 22% maximum gain; if the basket falls by up to 15%, par; investors will lose 1% for every 1% decline beyond 15%
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| Initial levels: | $327.38 for MidCap, $141.72 for Russell
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| Buffer level: | 85% of initial basket level
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| Pricing date: | June 18
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| Settlement date: | June 23
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| Agent: | Barclays
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| Fees: | None
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| Cusip: | 06747PYP8
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