Published on 8/8/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $4.43 million barrier SuperTrack notes linked to S&P
Chicago, Aug. 8 – Barclays Bank plc priced $4.43 million of 0% barrier SuperTrack notes due Sept. 27, 2024 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 300% of the index’s return, subject to a maximum payout of 13.5%.
Investors will be fully exposed to any index decline.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier SuperTrack notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,425,000
|
| Maturity: | Sept. 27, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index’s return is positive or zero, par plus 300% of index’s return, capped at 13.5%; otherwise, full exposure to losses of index
|
| Initial level: | 4,537.41
|
| Pricing date: | July 27
|
| Settlement date: | July 31
|
| Agent: | Barclays
|
| Fees: | 2.35%
|
| Cusip: | 06745MTP3
|
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