By Susanna Moon
Chicago, May 15 – Barclays Bank plc priced $1.7 million of 0% buffered SuperTrack notes due Nov. 7, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worse performing index declines but by no more than 5% the payout at maturity will be par plus double the amount by which the return of the worse performing index exceeds negative 5%.
If the worse performing index gains but by no more than 22% the payout at maturity will be par plus 1.5 times the gain of the worse performing index plus a fixed amount of 10%.
If the worse performing index gains by more than 22% the payout will be 2.87 times the amount by which the return of the worse performing index exceeds 22% plus a fixed amount of 43% subject to a cap of par plus 106.14%.
If either index falls by more than 5%, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
The final level will be the closing level of each index from Aug. 2, 2023 through Nov. 2, 2023.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered SuperTrack notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $1.7 million
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| Maturity: | Nov. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worse performing index declines but by no more than 5% payout will be par plus double the amount by which the return of worse performing index exceeds negative 5%; if worse performing index gains but by no more than 22% payout will be par plus 1.5 times the gain of worse performing index plus a fixed amount of 10%; if worse performing index gains by more than 22% payout will be 2.87 times the amount by which return of worse performing index exceeds 22% plus a fixed amount of 43% subject to a cap of par plus 106.14%; otherwise, 1% loss per 1% decline of worse performing index beyond 5%
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| Initial levels: | 2,635.67 for S&P and 1,554.91 for Russell
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| Final levels: | Closing level of each index from Aug. 2, 2023 through Nov. 2, 2023
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| Pricing date: | May 2
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| Settlement date: | May 7
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| Agent: | Barclays
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| Fees: | 2%
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| Cusip: | 06746XBM4
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