Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays Bank prices $1.34 million market-linked notes linked to S&P 500
New York, May 17 – Barclays Bank plc priced $1.34 million of 0% market-linked notes due June 5, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the return of the index, subject to a maximum return of par plus 51.2%. Otherwise, investors will receive par.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Barclays Bank plc
|
Issue: | Market-linked notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,344,000
|
Maturity: | June 5, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of index is positive, par plus index return, subject to a maximum return of par plus 51.2%; minimum payout of par
|
Initial level: | 4,124.08
|
Cap: | 51.2%
|
Pricing date: | May 12
|
Settlement date: | May 17
|
Agent: | Barclays
|
Dealer: | Morgan Stanley Wealth Management
|
Fees: | 3.5%
|
|
Cusip: | 06745M6Y9
|
|
|
© 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.