Published on 8/12/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.57 million buffered SuperTrack notes tied to S&P MidCap 400
Chicago, Aug. 12 – Barclays Bank plc priced $1.57 million of 0% buffered SuperTrack notes due July 26, 2023 linked to the S&P MidCap 400 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 15.1%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered SuperTrack notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $1,565,000
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| Maturity: | July 26, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 15.1%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial level: | 2,750.67
|
| Buffer level: | 2,475.6; 90% of initial level
|
| Pricing date: | Dec. 21, 2021
|
| Settlement date: | Dec. 27, 2021
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06748WY98
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