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Published on 9/1/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $8.2 million buffered SuperTrack notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Sept. 1 – Barclays Bank plc priced $8.2 million of 0% buffered SuperTrack notes due Aug. 31, 2028 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 28.65% and will lose 1% for each 1% decline beyond 28.65%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying index:S&P 500 index
Amount:$8,197,000
Maturity:Aug. 31, 2028
Coupon:0%
Price:Par
Payout at maturity:Par plus any index gain; par if the index falls by up to 28.65%; 1% loss for each 1% decline beyond 28.65%
Initial level:4,433.31
Buffer level:3,163.17, 71.35% of initial level
Pricing date:Aug. 28
Settlement date:Aug. 31
Agent:Barclays
Fees:3.3%
Cusip:06745MWU8

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