Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $597,000 buffered SuperTrack notes linked to S&P
New York, Jan. 12 – Barclays Bank plc priced $597,000 of 0% buffered SuperTrack notes due Jan. 8, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive par if the index finishes above its initial level. Investors will receive par if the index declines up to 20%. Otherwise, investors will have a 1% loss for each 1% decline beyond the 20% buffer.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P 500 index
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| Amount: | $597,000
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| Maturity: | Jan. 8, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return of index if index return is positive; par if index declines but not more than 20%; otherwise, 1% loss for each 1% decline beyond buffer
|
| Initial level: | 4,697.24
|
| Buffer level: | 3,757.79, 80% of initial level
|
| Pricing date: | Jan. 5, 2024
|
| Settlement date: | Jan. 10, 2024
|
| Agent: | Barclays
|
| Fees: | 0.5%
|
| Cusip: | 06745PJC6
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