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Published on 3/31/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.44 million barrier SuperTrack notes linked to S&P, Dow

By Taylor Fox

New York, March 31 – Barclays Bank plc priced $1.44 million of 0% barrier SuperTrack notes due March 24, 2026 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 lesser-performing index’s return is positive, the payout at maturity will be par plus 1.35 times the lesser-performing index’s return. If the lesser-performing index declines by 25% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines from its initial level if it falls by more than 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying indexes:S&P 500 and Dow Jones industrial average
Amount:$1,441,000
Maturity:March 24, 2026
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 1.35 times lesser-performing index’s return; if lesser-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if lesser-performing index’s final level is less than barrier level, 1% loss for every 1% that lesser-performing index declines from initial level
Initial level:3,913.1 for S&P, 32,627.97 for Dow
Barrier levels:2,934.83 for S&P, 24,470.98 for Dow; 75% of initial levels
Pricing date:March 19
Settlement date:March 24
Agent:Barclays
Fees:0.9%
Cusip:06748ECJ0

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