Published on 8/31/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $113,000 buffered SuperTrack notes linked to Dow, S&P
By Kiku Steinfeld
Chicago, Aug. 31 – Barclays Bank plc priced $113,000 of 0% buffered SuperTrack notes due Jan. 25, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the lesser-performing index is positive, the payout at maturity will be par plus 1.5 times the return of that index, capped at par plus 22%. 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 and Dow Jones industrial average
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| Amount: | $113,000
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| Maturity: | Jan. 25, 2024
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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 gain in lesser-performing index capped at par plus 22%; par if lesser-performing index falls by no more than 10%; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 10%
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| Initial level: | 4,397.94 for S&P, 34,265.37 for Dow
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| Buffer levels: | 3,958.15 for S&P, 30,838.83 for Dow; 90% of initial levels
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| Pricing date: | Jan. 21, 2022
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| Settlement date: | Jan. 26, 2022
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| Agent: | Barclays
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| Fees: | 0.5%
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| Cusip: | 06748X3H2
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