Published on 2/26/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.26 million buffered SuperTrack notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – Barclays Bank plc priced $3.26 million of 0% buffered SuperTrack notes due Jan. 19, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum return of par plus 20.6%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying index: | Russell 2000
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| Amount: | $3.26 million
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| Maturity: | Jan. 19, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain, return capped at par plus 20.6%; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial level: | 2,289.357
|
| Buffer level: | 1,945.95 or 85% of initial level
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 18
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06748E5S8
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