Published on 10/22/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $813,000 autocallable notes on S&P, Nasdaq, Russell
Chicago, Oct. 24 – Barclays Bank plc priced $813,000 of 0% autocallable notes due Feb. 11, 2027 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual 9.9% premium if all three indexes finish above their initial levels on any of the quarterly call valuation date starting after one year.
The payout at maturity will be par plus the 49.5% maturity date premium if all three indexes finish above their initial levels.
If any index declines but all finish above their 60% barrier levels, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Autocallable notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $813,000
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Maturity: | Feb. 11, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 49.5% premium if all indexes finish above initial levels; par if any index declines but all finish above barrier levels; otherwise, full exposure to losses of worst performer
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Call: | Automatically at par plus 9.9% annual premium if all indexes finish above initial levels on any quarterly call valuation date starting after one year
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Initial level: | 14,747.03 for Nasdaq, 2,045.37 for Russell, 4,521.54 for S&P
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Final barrier levels: | 8,848.22 for Nasdaq, 1,227.22 for Russell, 2,712.92 for S&P; 60% of initial levels
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Pricing date: | Feb. 10
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Settlement date: | Feb. 15
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Agent: | Barclays
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Fees: | 0.85%
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Cusip: | 06748XF71
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