Published on 1/18/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $275,000 buffered SuperTrack notes on Nasdaq
By Taylor Fox
New York, Jan. 19 – Barclays Bank plc priced $275,000 of 0% buffered SuperTrack notes due Jan. 31, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 10%.
If the index declines up to 10%, investors will receive par. Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Nasdaq-100 index
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Amount: | $275,000
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Maturity: | Jan. 31, 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 index gain, capped at par plus 10%; par if index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
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Initial level: | 12,653.14
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Buffer level: | 11,387.83, 90% of initial level
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Pricing date: | Dec. 23
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Settlement date: | Dec. 29
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Agent: | Barclays
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Fees: | 0.7%
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Cusip: | 06747QS65
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