Published on 2/8/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $850,000 barrier SuperTrack notes linked to S&P
By Kiku Steinfeld
Chicago, Feb. 8 – Barclays Bank plc priced $850,000 of 0% barrier SuperTrack notes due Nov. 16, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive or zero, the payout at maturity will be par plus 140% of the index’s return, subject to a maximum payout of 114.5%.
Investors will receive par if the index drops by up to 80% barrier value and will be fully exposed to all index decline it drops by more than 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Barrier SuperTrack notes
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| Underlying index: | S&P 500 index
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| Amount: | $850,000
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| Maturity: | Nov. 16, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index’s return is positive or zero, par plus 140% of index’s return, capped at 114.5%; par if the index drops by up barrier value, exposure to all index decline it drops by more than 20%.
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| Initial level: | 3,956.37
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| Barrier value: | 3,165.10, 80%
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| Pricing date: | Nov. 10, 2022
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| Settlement date: | Nov. 16, 2022
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06749N4B5
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