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Published on 10/20/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.4 million buffered SuperTrack notes tied to iShares ETF

By William Gullotti

Buffalo, N.Y., Oct. 20 – Barclays Bank plc priced $1.4 million of 0% buffered SuperTrack notes due Oct. 28, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any ETF gain, up to a maximum payout of par plus 17.35%.

Investors will receive par if the ETF falls by up to 15% and will lose 1% for each 1% decline beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered SuperTrack notes
Underlying fund:iShares MSCI Emerging Markets ETF
Amount:$1.4 million
Maturity:Oct. 28, 2024
Coupon:0%
Price:Par
Payout at maturity:Par plus any ETF gain, capped at par plus 17.35%; par if the ETF falls by up to 15%; 1% loss for each 1% decline beyond 15%
Initial level:$38.14
Buffer level:$32.42; 85% of initial level
Pricing date:Oct. 16
Settlement date:Oct. 19
Agent:Barclays
Fees:1%
Cusip:06745NSR8

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