Published on 9/11/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.45 million barrier digital notes tied to Nasdaq, Russell, S&P
Chicago, Sept. 11 – Barclays Bank plc priced $2.45 million of 0% barrier digital notes due Oct. 10, 2024 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus 9.25%
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Barrier digital notes
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Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
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Amount: | $2,447,000
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Maturity: | Oct. 10, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier level, par plus 9.25%; otherwise, 1% loss for every 1% decline of worst performer from initial level
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Initial levels: | 15,508.24 for Nasdaq, 4,496.83 for S&P, 1,880.45 for Russell
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Barrier levels: | 10,855.77 for Nasdaq, 3,147.78 for S&P, 1,316.32 for Russell; 70% of initial levels
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Pricing date: | Sept. 5
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Settlement date: | Sept. 8
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Agent: | Barclays
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Fees: | 1.9%
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Cusip: | 06745NCY0
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