Published on 3/29/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.68 million buffered SuperTrack notes tied to MSCI Emerging Markets
By William Gullotti
Buffalo, N.Y., March 29 – Barclays Bank plc priced $2.68 million of 0% buffered SuperTrack notes due July 5, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 29.2%.
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: | MSCI Emerging Markets index
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Amount: | $2,683,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 29.2%; par if the index falls by up to 10%; otherwise, 1% loss for each 1% decline beyond 10%
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Initial level: | 1,031.5
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Buffer level: | 928.35; 90% of initial level
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | Barclays
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Fees: | None
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Cusip: | 06749NJS2
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