Published on 11/21/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $930,000 barrier digital plus notes linked to Nasdaq, Russell, ETF
By Angela McDaniels
Tacoma, Wash., Nov. 21 – Barclays Bank plc priced $930,000 of 0% barrier digital plus notes due April 4, 2028 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of the least performing asset is greater than or equal to its digital barrier level, 90% of its initial level, the payout at maturity will be par plus the greater of the least performing asset’s return and 60%.
If the final level of the least performing asset is less than its digital barrier level but greater than or equal to its barrier level, 60% of its initial level, the payout will be par.
If the final level of the least performing asset is less than its barrier level, investors will lose 1% for every 1% that the least performing asset declines from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Barrier digital plus notes
|
| Underlying assets: | Nasdaq-100 index, Russell 2000 index and Financial Select Sector SPDR fund
|
| Amount: | $930,000
|
| Maturity: | April 4, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of least performing asset is greater than or equal to digital barrier level, par plus greater of least performing asset’s return and 60%; if final level of least performing asset is less than digital barrier level but greater than or equal to barrier level, par; if final level of least performing asset is less than barrier level, 1% loss for every 1% that least performing asset declines from initial level
|
| Initial levels: | 12,963.14 for Nasdaq, 1,768.383 for Russell and $31.80 for ETF
|
| Digital barrier levels: | 11,666.83 for Nasdaq, 1,591.54 for Russell and $28.62 for ETF, or 90% of initial levels
|
| Barrier levels: | 7,777.88 for Nasdaq, 1,061.03 for Russell and $19.08 for ETF, or 60% of initial levels
|
| Pricing date: | March 30
|
| Settlement date: | April 4
|
| Agent: | Barclays
|
| Fees: | 1.125%
|
| Cusip: | 06749NYS5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
