Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.18 million barrier SuperTrack notes linked to Swiss Market
By William Gullotti
Buffalo, N.Y., April 15 – Barclays Bank plc priced $1.18 million of 0% barrier SuperTrack notes due April 8, 2027 linked to the Swiss Market index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive, the payout at maturity will be par plus 249% of the index’s return.
If the index declines by 20% or less, the payout will be par. Investors will lose 1% for each 1% that the index declines from its initial level if it falls by more than 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Barrier SuperTrack notes
|
Underlying index: | Swiss Market index
|
Amount: | $1,175,000
|
Maturity: | April 8, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index’s return is positive, par plus 249% of index’s return; if index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if index’s final level is less than barrier level, 1% loss for every 1% that index declines from initial level
|
Initial level: | 11,495.79
|
Barrier level: | 9,196.63; 80% of initial level
|
Strike date: | April 5
|
Pricing date: | April 8
|
Settlement date: | April 15
|
Agent: | Barclays
|
Fees: | 3.6%
|
Cusip: | 06745QKL2
|
|
© 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.