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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

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