Published on 3/22/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3 million buffered SuperTrack notes tied to Russell 2000
By William Gullotti
Buffalo, N.Y., March 22 – Barclays Bank plc priced $3 million of 0% buffered SuperTrack notes due March 12, 2026 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum payout of par plus 29.5%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Russell 2000 index
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Amount: | $3 million
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Maturity: | March 12, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 29.5%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 2,082.713
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Buffer level: | 3,786.85; 90% of initial level
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Pricing date: | March 8
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Settlement date: | March 13
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Agent: | Barclays
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Fees: | 0.45%
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Cusip: | 06745Q4T3
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