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
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Issue: | Buffered SuperTrack notes
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Underlying index: | S&P 500 index
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Amount: | $3,287,000
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Maturity: | Oct. 17, 2025
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Coupon: | 0%
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Price: | Par
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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%
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Initial level: | 3,583.07
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Buffer level: | 2,149.84; 60% of initial level
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Pricing date: | Oct. 14
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Settlement date: | Oct. 19
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06748XY62
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