Published on 3/12/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.21 million autocallable notes linked to S&P 500
By William Gullotti
Buffalo, N.Y., March 12 – Barclays Bank plc priced $1.21 million of autocallable notes due Feb. 26, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a 6.8% call premium if the index closes at or above its initial level on Feb. 25, 2025.
If the notes are not called, the payout at maturity will be par plus any gain of the index.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Autocallable notes
|
Underlying index: | S&P 500 index
|
Amount: | $1,206,000
|
Maturity: | Feb. 26, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus index return, subject to floor of par
|
Call: | Automatically at par plus a 6.8% call premium if the index closes at or above initial level on Feb. 25, 2025
|
Initial level: | 4,409.59
|
Pricing date: | Feb. 23
|
Settlement date: | Feb. 28
|
Agent: | Barclays
|
Fees: | 0.6%
|
Cusip: | 06745PW72
|
|
© 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.