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Published on 11/15/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $2.57 million barrier SuperTrack notes linked to S&P, Nasdaq, Russell

By William Gullotti

Buffalo, N.Y., Nov. 15 – Barclays Bank plc priced $2.57 million of 0% barrier SuperTrack notes due Nov. 14, 2025 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the least-performing index’s return is positive, the payout at maturity will be par plus 1.67 times the least-performing index’s return.

If the least-performing index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for each 1% that the least-performing index declines from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier SuperTrack notes
Underlying indexes:S&P 500 index, Russell 2000 index and Nasdaq-100 index
Amount:$2.57 million
Maturity:Nov. 14, 2025
Coupon:0%
Price:Par
Payout at maturity:If least-performing index’s return is positive, par plus 1.67 times least-performing index’s return; if least-performing index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if least-performing index’s final level is less than barrier level, 1% loss for every 1% that least-performing index declines from initial level
Initial level:3,828.11 for S&P, 1,808.929 for Russell, 11,059.5 for Nasdaq
Barrier levels:3,062.49 for S&P, 1,447.14 for Russell, 8,847.6 for Nasdaq; 80% of initial levels
Strike date:Nov. 8
Pricing date:Nov. 9
Settlement date:Nov. 15
Agent:Barclays
Fees:0.6%
Cusip:06749N5B4

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