Published on 7/27/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $738,000 buffered SuperTrack notes tied to Euro Stoxx 50
By William Gullotti
Buffalo, N.Y., July 27 – Barclays Bank plc priced $738,000 of 0% buffered SuperTrack notes due July 26, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 155% of 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: | Euro Stoxx 50 index
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Amount: | $738,000
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Maturity: | July 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 155% of 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: | 4,391.41
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Buffer level: | 3,513.13; 80% of initial level
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Pricing date: | July 21
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Settlement date: | July 26
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Agent: | Barclays
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Fees: | 3.4%
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Cusip: | 06745MN46
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