Published on 2/28/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6.62 million capped notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – Barclays Bank plc priced $6.62 million of 0% capped notes due Feb. 26, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 2 times the return of the index, capped at par plus 22%. Otherwise, the payout will be par.
Barclays is the agent with JPMorgan as placement agent.
Issuer: | Barclays Bank plc
|
Issue: | Capped notes
|
Underlying index: | S&P 500 index
|
Amount: | $6,619,000
|
Maturity: | Feb. 26, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index gains, par plus 2 times index return, capped at par plus 22%; otherwise, par
|
Initial level: | 4,012.32
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agent: | Barclays with JPMorgan as placement agent
|
Fees: | 2%
|
Cusip: | 06749NMB5
|
|
© 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.