Published on 4/12/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.08 million buffered SuperTrack notes tied to S&P, Dow
By William Gullotti
Buffalo, N.Y., April 12 – Barclays Bank plc priced $2.08 million of 0% buffered SuperTrack notes due March 29, 2029 linked to the least performing of 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 positive, the payout at maturity will be par plus 1.5 times that index’s return.
If the least-performing index declines by 40% or less, the payout will be par. Investors will lose 1% for each 1% that the least-performing index declines beyond 40%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average
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| Amount: | $2,079,000
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| Maturity: | March 29, 2029
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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 positive, par plus 1.5 times that index’s return, capped at 14.4%; if least-performing index’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 least-performing index declines beyond buffer
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| Initial levels: | 5,218.19 for S&P, 39,313.64 for Dow
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| Buffer levels: | 3,130.91 for S&P, 23,588.18 for Dow; 60% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | Barclays
|
| Fees: | 4.125%
|
| Cusip: | 06745Q4D8
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