Published on 5/16/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2 million buffered SuperTrack notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 11 – Barclays Bank plc priced $2 million of 0% buffered SuperTrack notes due May 14, 2026 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.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
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: | $2,004,000
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| Maturity: | May 14, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if the index falls by up to 20%; 1% loss for each 1% decline beyond 20%
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| Initial level: | 4,130.62
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| Buffer level: | 3,304.5; 80% of initial level
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| Pricing date: | May 11
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| Settlement date: | May 16
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06745MC97
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