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Published on 10/20/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.29 million buffered SuperTrack notes tied to S&P 500

By William Gullotti

Buffalo, N.Y., Oct. 20 – Barclays Bank plc priced $3.29 million of 0% buffered SuperTrack notes due Oct. 17, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum payout of par plus 50%.

Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline beyond 40%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500 index
Amount:$3,287,000
Maturity:Oct. 17, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at par plus 50%; par if the index falls by up to 40%; 1% loss for each 1% decline beyond 40%
Initial level:3,583.07
Buffer level:2,149.84; 60% of initial level
Pricing date:Oct. 14
Settlement date:Oct. 19
Agent:Barclays
Fees:1%
Cusip:06748XY62

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