Published on 11/4/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $7.68 million notes linked to S&P, Dow
By Kiku Steinfeld
Chicago, Nov. 6 – Barclays Bank plc priced $7.68 million of 0% notes due April 8, 2025 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain of the laggard index, subject to a maximum return of par plus 23.5%.
Otherwise, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Notes
|
Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
Amount: | $7,671,000
|
Maturity: | April 8, 2025
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus any gain of the laggard index capped at 23.5%; floor of par
|
Initial levels: | 4,124.51 for S&P, 33,601.15 for Dow
|
Pricing date: | April 3, 2023
|
Settlement date: | April 6, 2023
|
Agent: | Barclays
|
Fees: | 0.15%
|
Cusip: | 06749NWM0
|
© 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.