Published on 2/24/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $531,000 buffered SuperTrack notes tied to S&P 500
By Kiku Steinfeld
Chicago, Feb. 26 – Barclays Bank plc priced $531,000 of 0% buffered SuperTrack notes due March 30, 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 21% and will lose 1% for each 1% decline beyond 21%.
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: | $531,000
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Maturity: | March 30, 2028
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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 21%; 1% loss for each 1% decline beyond 21%
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Initial level: | 4,378.41
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Buffer level: | 3,458.94, 79% of initial level
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Pricing date: | June 27, 2023
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Settlement date: | June 30, 2023
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Agent: | Barclays
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Fees: | 3.75%
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Cusip: | 06745MGM4
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