Published on 4/19/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.16 million digital notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., April 19 – Barclays Bank plc priced $1.16 million of 0% digital notes due April 3, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above initial level, par plus 24.3%.
Otherwise, investors will receive par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying index: | S&P 500 index
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Amount: | $1,155,000
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Maturity: | April 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, par plus 24.3%; otherwise, par
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Initial index level: | 4,109.31
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Barclays
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Fees: | 0.5%
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Cusip: | 06749NXB3
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