Published on 12/30/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.58 million barrier SuperTrack notes linked to S&P, Dow, Russell
By Wendy Van Sickle
Columbus, Ohio, Dec. 30 – Barclays Bank plc priced $1.58 million of 0% barrier SuperTrack notes due Dec. 28, 2026 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is zero or positive, the payout at maturity will be par plus the least-performing index’s return. If the least-performing index declines by 46.5% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines from its initial level if it falls by more than 46.5%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Barrier SuperTrack notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $1,576,000
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Maturity: | Dec. 28, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least-performing index’s return is zero or positive, par plus that index’s return; if least-performing index’s final level is less than initial level but greater than or equal to barrier level, par; if least-performing index’s final level is less than barrier level, 1% loss for every 1% that least-performing index declines from initial level
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Initial level: | 4,696.56 for S&P, 35,753.89 for Dow, 2,221.9 for Russell
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Barrier levels: | 2,512.66 for S&P, 19,128.33 for Dow, 1,188.72 for Russell; 53.5% of initial levels
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | Barclays
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Fees: | 4.125%
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Cusip: | 06748WUU5
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