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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
Issue:Buffered SuperTrack notes
Underlying index:Russell 2000 index
Amount:$3 million
Maturity:March 12, 2026
Coupon:0%
Price:Par
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%
Initial level:2,082.713
Buffer level:3,786.85; 90% of initial level
Pricing date:March 8
Settlement date:March 13
Agent:Barclays
Fees:0.45%
Cusip:06745Q4T3

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