Published on 8/16/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million buffered SuperTrack notes linked to indexes, ETF
By William Gullotti
Buffalo, N.Y., Aug. 16 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due Aug. 14, 2025 linked to the iShares Russell 2000 Value ETF, the S&P 500 index and the Nasdaq-100 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 1.38 times the return of that underlier.
If the worst performer declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for each 1% that the worst performer declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying assets: | iShares Russell 2000 Value ETF, S&P 500 index, Nasdaq-100 index
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Amount: | $2 million
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Maturity: | Aug. 14, 2025
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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 1.38 times that underlier’s return; 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: | $155.31 for ETF, 4,207.27 for S&P, 13,291.99 for Nasdaq
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Buffer levels: | $124.25 for ETF, 3,365.82 for S&P, 10,633.59 for Nasdaq; 80% of initial levels
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06748XMU2
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