Published on 7/13/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.25 million SuperTrack notes tied to S&P 500
By William Gullotti
Buffalo, N.Y., July 13 – Barclays Bank plc priced $2.25 million of 0% SuperTrack notes due June 18, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payout of par plus 11.7%.
Otherwise, investors will be fully exposed any index decline.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | SuperTrack notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,246,200
|
| Maturity: | June 18, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 11.7%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 4,378.41
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | Barclays
|
| Fees: | 1.6%
|
| Cusip: | 06748G181
|
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