Published on 12/6/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $915,000 buffered SuperTrack notes linked to S&P, Dow
By Kiku Steinfeld
Chicago, Dec. 6 – Barclays Bank plc priced $915,000 of 0% buffered SuperTrack notes due Nov. 27, 2026 linked to the least 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 worst performing index’s return is zero or positive, the payout at maturity will be par plus the worst performing index’s return, capped at 63%. If the worst performing index declines by 15% or less, the payout will be par. Investors will lose 1% for each 1% that the worst performing index declines beyond 15%.
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, Dow Jones industrial average
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Amount: | $915,000
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Maturity: | Nov. 27, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index’s return is zero or positive, par plus worst performing index’s return, capped at 63%; if worst performing index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if worst performing index’s final level is less than buffer level, 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 4,690.70 for S&P, 35,813.80 for Dow
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Buffer levels: | 3,987.10 for S&P, 30,441.73 for Dow; 85% of initial levels
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Pricing date: | Nov. 23
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Settlement date: | Nov. 29
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Agent: | Barclays
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Fees: | 4.25%
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Cusip: | 06748WSL8
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