New Issue: Barclays prices $239,000 barrier SuperTrack notes linked to Russell

By Kiku Steinfeld

Chicago, Sept. 6 – Barclays Bank plc priced $239,000 of 0% barrier SuperTrack notes due March 2, 2028 linked to the Russell 2000 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 1.27 times the index’s return. If the index declines by 30% or less, the payout will be par. If it declines by more than 30%, investors will lose 1% for each 1% that the index declines from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Barrier SuperTrack notes
Underlying index:	Russell 2000
Amount:	$239,000
Maturity:	March 2, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index’s return is positive, par plus 1.27 times index’s return; if index’s final level is less than or equal to initial level but greater than or equal to barrier level, par; if index’s final level is less than barrier level, 1% loss for every 1% that index declines from initial level
Initial level:	1,896.991 for Russell
Barrier level:	1,327.89 for Russell; 70% of initial level
Pricing date:	Feb. 28, 2023
Settlement date:	March 3, 2023
Agent:	Barclays
Fees:	1%
Cusip:	06749NMW9

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.