Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $925,000 leveraged upside participation market-linked notes on indexes
Chicago, Feb. 13 – Barclays Bank plc priced $925,000 of 0% market-linked securities with leveraged upside participation and contingent downside due Jan. 3, 2029 linked to the lowest performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 163% of any gain of the lowest-performing index.
If any index falls but not more than 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the worst-performing index.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked securities with leveraged upside participation and contingent downside
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $925,000
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Maturity: | Jan. 3, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 163% of any gain of worst-performing index; if any index falls but not more than the threshold level, par; otherwise, 1% loss for every 1% decline of worst-performing index
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Initial levels: | 37,710.10 for Dow, 2,058.335 for Russell, 4,783.35 for S&P
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Threshold levels: | 26,397.07 for Dow, 1,440.8345 for Russell, 3,348.345 for S&P, 70% of initial levels
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Pricing date: | Dec. 28, 2023
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Settlement date: | Jan. 3, 2024
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Agent: | Barclays Capital Inc. and Wells Fargo Securities LLC
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Fees: | 3.87%
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Cusip: | 06745PDB4
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