Published on 8/18/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million buffered SuperTrack notes on index, ETF
By Kiku Steinfeld
Chicago, Aug. 18 – Barclays Bank plc priced $1.09 million of 0% buffered SuperTrack notes due Feb. 17, 2023 linked to the SPDR S&P MidCap 400 ETF and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing underlier’s return is positive, the payout at maturity will be par plus 1.5 times the return of that underlier, capped at 12.15%.
If the worst performer declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for each 1% that the worst performer declines beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying assets: | SPDR S&P MidCap 400 ETF and the Russell 2000 index
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| Amount: | $1,085,000
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| Maturity: | Feb. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least-performing underlier’s return is positive, par plus 1.5 times that underlier’s return, capped at 12.15%; if worst performer’s final level is less than or equal to initial level but greater than or equal to buffer level, par; otherwise, 1% loss for every 1% that the worst performer declines below the buffer
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| Initial levels: | $506.71 for ETF, 2,162.46 for index
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| Buffer levels: | $456.04 for ETF, 1,946.21 for index; 90% of initial levels
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
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| Agent: | Barclays
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| Fees: | 0.875%
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| Cusip: | 06748X4W8
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