Published on 7/1/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.35 million buffered SuperTrack notes linked to S&P, Nasdaq, Dow
By William Gullotti
Buffalo, N.Y., July 1 – Barclays Bank plc priced $6.35 million of 0% buffered SuperTrack notes due June 25, 2026 linked to the lesser performing of the S&P 500 index, the Nasdaq-100 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 1.2 times the lesser-performing index’s return. If the lesser-performing index declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 20%.
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 index, Nasdaq-100 index, Dow Jones industrial average
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Amount: | $6,346,000
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Maturity: | June 25, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index’s return is positive, par plus 1.2 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 buffer level, par; if lesser-performing index’s final level is less than buffer level, 1% loss for every 1% that lesser-performing index declines beyond buffer
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Initial levels: | 4,224.79 for S&P, 33,876.97 for Dow, 14,137.23 for Nasdaq
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Buffer levels: | 80% of initial levels
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Pricing date: | June 21
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Settlement date: | June 24
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06748EY80
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