Published on 9/1/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million buffered SuperTrack notes tied to MSCI Emerging Markets
By Kiku Steinfeld
Chicago, Sept. 1 – Barclays Bank plc priced $1.09 million of 0% buffered SuperTrack notes due Feb. 24, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any index gain, up to a maximum payout of par plus 16.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered SuperTrack notes
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Underlying index: | MSCI Emerging Markets index
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Amount: | $1.09 million
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Maturity: | Feb. 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at par plus 16.25% par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 1,244.31
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Buffer level: | 1,119.88; 90% of initial level
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Pricing date: | Jan. 21, 2022
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Settlement date: | Jan. 26, 2022
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Agent: | Barclays
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Fees: | None
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Cusip: | 06748X5L1
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