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Published on 4/16/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $655,000 buffered SuperTrack notes tied to S&P 500

By Kiku Steinfeld

Chicago, April 17 – Barclays Bank plc priced $655,000 of 0% buffered SuperTrack notes due Dec. 11, 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 200% of any index gain, up to a maximum payout of par plus 33.75%.

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

The initial level of the index is set at the closing level of the S&P 500 on Dec. 8, 2022.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500 index
Amount:$655,000
Maturity:Dec. 11, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus 200% of any index gain, capped at par plus 33.75%; par if the index falls by up to 40%; 1% loss for each 1% decline beyond 40%
Initial level:3,963.51
Buffer level:2,378.11; 60% of initial level
Pricing date:Dec. 12
Settlement date:Dec. 15
Agent:Barclays
Fees:0.15%
Cusip:06749NCS9

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