Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million buffered SuperTrack notes linked to Dow
Chicago, May 18 – Barclays Bank plc priced $1.09 million of 0% buffered SuperTrack notes due Oct. 29, 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 index return, capped at 37%. 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
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | Dow Jones industrial average
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| Amount: | $1,093,000
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| Maturity: | Oct. 29, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 37%; par if index falls by no more than the 20% buffer; exposure to any losses beyond the buffer
|
| Initial level: | 35,756.88
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| Buffer value: | 28,605.50; 80% of initial level
|
| Pricing date: | Oct. 26, 2021
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| Settlement date: | Oct. 29, 2021
|
| Agent: | Barclays
|
| Fees: | 3.5%
|
| Cusip: | 06748WKY8
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