Published on 9/9/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $564,000 buffered SuperTrack notes tied to ARK Innovation
By William Gullotti
Buffalo, N.Y., Sept. 9 – Barclays Bank plc priced $564,000 of 0% buffered SuperTrack notes due Dec. 30, 2022 linked to the ARK Innovation ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, up to a maximum payout of par plus 16%.
Investors will receive par if the ETF falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying fund: | ARK Innovation ETF
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Amount: | $564,000
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Maturity: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any ETF gain, capped at par plus 16%; par if the ETF falls by up to 15%; 1% loss for each 1% decline beyond 15%
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Initial level: | $125.49
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Buffer level: | $106.67; 85% of initial level
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Pricing date: | June 25
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Settlement date: | June 30
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Agent: | Barclays
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Fees: | 2.25%
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Cusip: | 06748EVW0
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