Published on 11/16/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $264,000 buffered Supertrack notes tied to Euro Stoxx 50
Chicago, Nov. 16 – Barclays Bank plc priced $264,000 of 0% buffered Supertrack notes due Oct. 29, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of 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: | Euro Stoxx 50 index
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Amount: | $264,000
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Maturity: | Oct. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain; par if the index falls by up to 20%; 1% loss for each 1% decline beyond 20%
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Initial level: | 3,476.63
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Buffer level: | 2,781.30; 80% of initial level
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Pricing date: | Oct. 21, 2022
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Settlement date: | Oct. 26, 2022
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Agent: | Barclays
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Fees: | 3.4%
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Cusip: | 06748XX22
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