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Published on 6/29/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $271,000 buffered SuperTrack notes linked to S&P, Russell

By Kiku Steinfeld

Chicago, June 29 – Barclays Bank plc priced $271,000 of 0% buffered SuperTrack notes due Jan. 26, 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 par plus 12%. 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
Issue:Buffered SuperTrack notes
Underlying indexes:S&P 500, Russell 2000
Amount:$271,000
Maturity:Jan. 26, 2023
Coupon:0%
Price:Par
Payout at maturity:If lesser-performing index’s return is positive, par plus 1.5 times lesser-performing index’s return, capped at par plus 12%; 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%
Initial levels:2,221.90 for Russell, 4,696.56 for S&P
Buffer levels:4,696.56 for Russell, 4,226.90 for S&P, 90% of initial levels
Pricing date:Dec. 22, 2021
Settlement date:Dec. 28, 2021
Agent:Barclays
Fees:0.8%
Cusip:06748WW33

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