Published on 12/21/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $338,000 buffered SuperTrack notes linked to Dow
By Kiku Steinfeld
Chicago, Dec. 21 – Barclays Bank plc priced $338,000 of 0% buffered SuperTrack notes due Aug. 31, 2026 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the lesser of the index return and 30.5%. Investors will receive par if the index falls by up to the 20% buffer and will lose 1% for each 1% that it declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Dow Jones industrial average
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Amount: | $338,000
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Maturity: | Aug. 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus lesser of index return and 30.5%; par if index falls by no more than the 20% buffer; exposure to any losses beyond the buffer
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Initial level: | 35,213.12
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Buffer level: | 28,170.50 or 80% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Barclays
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Fees: | 3.5%
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Cusip: | 06748WBD4
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