Published on 7/14/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $570,000 buffered SuperTrack notes linked to Dow
By Kiku Steinfeld
Chicago, July 14 – Barclays Bank plc priced $570,000 of 0% buffered SuperTrack notes due Feb. 19, 2025 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return, capped at 20.5%. Investors will receive par if the index falls by up to the 20% buffer and will lose 1% for each 1% that it declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | Dow Jones industrial average
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Amount: | $570,000
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Maturity: | Feb. 19, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at 20.5%; par if index falls by no more than the 20% buffer; exposure to any losses beyond the buffer
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Initial level: | 34,089.27
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Buffer value: | 27,271.42; 80% of initial level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 17
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06749NPW6
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