Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $650,000 capped leveraged notes on basket of indexes
Chicago, April 15 – Barclays Bank plc priced $650,000 of 0% capped leveraged notes due Jan. 23, 2029 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The equally weighted basket consists of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index.
The payout at maturity will be par plus 1.15 times any basket gain up to a maximum settlement of $1,850.00 per $1,000 note.
Otherwise, investors will receive par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Capped leveraged notes
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Underlying basket: | Russell 2000 index, S&P 500 index and Euro Stoxx 50 index; equal weights
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Amount: | $650,000
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Maturity: | Jan. 23, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.15 times any basket gain up $1,850.00 maximum payout per note; otherwise, par
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Initial levels: | 1,923.653 for Russell, 4,780.94 for S&P, 4,453.05 for Stoxx
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Pricing date: | Jan. 18
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Settlement date: | Jan. 23
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Agent: | Barclays
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Fees: | 1.125%
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Cusip: | 06745PKC4
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