Published on 10/29/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $143,000 buffered SuperTrack notes tied to S&P 500
By Kiku Steinfeld
Chicago, Oct. 30 – Barclays Bank plc priced $143,000 of 0% buffered SuperTrack notes due Jan. 6, 2027 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: | $143,000
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Maturity: | Jan. 6, 2027
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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%; otherwise, 1% loss for each 1% decline beyond 20%
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Initial level: | 4,109.31
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Buffer level: | 3,287.45; 80% of initial level
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Pricing date: | March 31, 2023
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Settlement date: | April 5, 2023
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Agent: | Barclays
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Fees: | 0.9%
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Cusip: | 06749NUN0
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