Published on 12/19/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.09 million barrier SuperTrack notes linked to S&P, Russell
Chicago, Dec. 19 – Barclays Bank plc priced $1.09 million of 0% barrier SuperTrack notes due Dec. 11, 2026 linked to the least 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 1.4225 times the lesser-performing index’s return. The payout will be par if the worst performer decline but finishes above the 70% barrier level. 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
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $1,091,000
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| Maturity: | Dec. 11, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If lesser-performing index’s return is positive, par plus 1.4225 times lesser-performing index’s return; par if worst performer declines but finishes above barrier; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Initial levels: | 4,604.37 for S&P and 1,880.817 for Russell
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| Barrier levels: | 3,223.06 for S&P and 1,316.57 for Russell; 70% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Barclays
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| Fees: | 0.85%
|
| Cusip: | 06745PAN1
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