Published on 12/11/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $970,000 notes linked to S&P 500
By Kiku Steinfeld
Chicago, Dec. 11 – Barclays Bank plc priced $970,000 of 0% notes due Oct. 26, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of par plus 33%.
If the index falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500
|
| Amount: | $970,000
|
| Maturity: | Oct. 26, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 33%; floor of par
|
| Initial level: | 4,133.52
|
| Pricing date: | April 21, 2023
|
| Settlement date: | April 26, 2023
|
| Agent: | Barclays
|
| Fees: | 3.4%
|
| Cusip: | 06745M2F4
|
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