Published on 2/28/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.54 million buffered Supertrack notes tied to Euro Stoxx 50
Chicago, Feb. 28 – Barclays Bank plc priced $1.54 million of 0% buffered Supertrack notes due Feb. 7, 2029 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 225% of any index gain.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline beyond 30%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered Supertrack notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,538,000
|
| Maturity: | Feb. 7, 2029
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 225% of any index gain; par if the index falls by up to 30%; 1% loss for each 1% decline beyond 30%
|
| Buffer level: | 70% of initial level
|
| Pricing date: | Feb. 2
|
| Settlement date: | Feb. 7
|
| Agent: | Barclays
|
| Fees: | 0.75%
|
| Cusip: | 06745PMV0
|
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