New Issue: Barclays prices $750,000 buffered SuperTrack notes linked to index basket

Chicago, Aug. 29 – Barclays Bank plc priced $750,000 of 0% buffered SuperTrack notes due Aug. 23, 2027 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 55% weight, the Russell 2000 index with a 30% weight and the S&P MidCap 400 index with a 15% weight.

If the basket’s return is positive, the payout at maturity will be par plus 1.16 times the basket’s return.

If the basket declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for each 1% basket decline beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered SuperTrack notes
Underlying indexes:	S&P 500 index (55% weight), S&P MidCap 400 index (15% weight), Russell 2000 index (30% weight)
Amount:	$750,000
Maturity:	Aug. 23, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.16 times the basket’s return; if the basket’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if the basket’s final level is less than buffer level, 1% loss for every 1% basket decline beyond the buffer
Initial levels:	4,305.20 for S&P, 2,020.529 for Russell, 2,635.18 for MidCap
Buffer level:	80% of initial level
Pricing date:	Aug. 18, 2022
Settlement date:	Aug. 23, 2022
Agent:	Barclays
Fees:	0.6%
Cusip:	06748XP62

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.