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Published on 3/20/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.88 million buffered SuperTrack notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, March 20 – Barclays Bank plc priced $1.88 million of 0% buffered SuperTrack notes due April 18, 2024 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 11.4%.

Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500 index
Amount:$1,875,000
Maturity:April 18, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain, capped at par plus 11.4%; par if the index falls by up to 25%; otherwise, 1% loss for each 1% decline beyond 25%
Initial level:3,919.29
Buffer level:2,939.47; 75% of initial level
Pricing date:March 14
Settlement date:March 17
Agent:Barclays
Fees:0.65%
Cusip:06749NXD9

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