Published on 4/19/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $506,000 buffered SuperTrack notes linked to S&P, Russell
Kiku Steinfeld
Chicago, April 19 – Barclays Bank plc priced $506,000 of 0% buffered SuperTrack notes due March 31, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.5 times the lesser-performing index’s return, subject to a maximum return of par plus 10.75%.
If the lesser-performing index declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 10%.
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
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Amount: | $506,000
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Maturity: | March 31, 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 1.5 times lesser-performing return, capped at 10.75%; if lesser-performing index declines by no more than buffer level, par; 1% loss for each 1% that the lesser-performing index declines beyond buffer
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Initial levels: | 4,443.11 for S&P, 2,281.00 for Russell
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Buffer levels: | 3,998.80 for S&P, 2,052.90 for Russell; 90% of initial levels
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Pricing date: | Sept. 27, 2021
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Settlement date: | Sept. 30, 2021
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Agent: | Barclays
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Fees: | 2.35%
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Cusip: | 06748WFE8
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