Published on 10/4/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.1 million barrier SuperTrack notes linked to S&P, Russell
Chicago, Oct. 4 – Barclays Bank plc priced $1.1 million of 0% barrier SuperTrack notes due Oct. 2, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the lesser-performing index’s return is positive, the payout at maturity will be par plus 1.5 times the lesser-performing index’s return. Otherwise, investors will lose 1% for each 1% that the lesser-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 and Russell 2000 index
|
Amount: | $1,100,000
|
Maturity: | Oct. 2, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If lesser-performing index’s return is positive, par plus 1.5 times lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
|
Initial levels: | 3,640.47 for S&P and 1,674.93 for Russell
|
Pricing date: | Sept. 29, 2022
|
Settlement date: | Oct. 4, 2022
|
Agent: | Barclays
|
Fees: | 3.75%
|
Cusip: | 06748XWN7
|
|
© 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.