Published on 5/18/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $774,000 buffered SuperTrack notes linked to S&P, Russell
Chicago, May 18 – Barclays Bank plc priced $774,000 of 0% buffered SuperTrack notes due April 28, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 1.5 times the lesser-performing index’s return, capped at $1,130 per $1,000 principal amount of notes. If the lesser-performing index declines by 10% or less, the payout will be par. Investors will lose 1% for each 1% that the lesser-performing index declines beyond 10%.
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, Russell 2000
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Amount: | $774,000
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Maturity: | April 28, 2023
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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 1.5 times lesser-performing index’s return, capped at 13%; 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 10%
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Initial levels: | 2,296.08 for Russell, 4,574.79 for S&P
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Buffer levels: | 2,066.47 for Russell, 4,117.31 for S&P, 90% of initial levels
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Pricing date: | Oct. 26, 2021
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Settlement date: | Oct. 29, 2021
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Agent: | Barclays
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Fees: | 2.35%
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Cusip: | 06748WKG7
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