Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.4 million barrier SuperTrack notes linked to S&P
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – Barclays Bank plc priced $2.4 million of 0% barrier SuperTrack notes due Dec. 12, 2028 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, the payout at maturity will be par plus 170% of the index’s return, subject to a maximum payout of par plus 80%.
Investors will receive par if the index falls by up to 20% and will be fully exposed to any index decline if it falls by more than 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Barrier SuperTrack notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,395,000
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| Maturity: | Dec. 12, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index’s return is positive, par plus 170% of index’s return, capped at 80%; par if index falls by up to 20%; otherwise, full exposure to any index decline
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| Initial level: | 4,585.59
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| Barrier level: | 3,668.47, 80% of initial level
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| Pricing date: | Dec. 7
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| Settlement date: | Dec. 12
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| Agent: | Barclays
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| Fees: | 1.125%
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| Cusip: | 06745NZ82
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