Published on 4/11/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.64 million leveraged notes tied to S&P Futures
By William Gullotti
Buffalo, N.Y., April 11 – Barclays Bank plc priced $2.64 million of 0% leveraged notes due March 30, 2027 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.05 times any index gain.
If the index falls, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
|
Issue: | Leveraged notes
|
Underlying index: | S&P 500 Futures Excess Return index
|
Amount: | $2,642,000
|
Maturity: | March 30, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 1.05 times any index gain; floor of par
|
Initial level: | 457.53
|
Pricing date: | March 25
|
Settlement date: | March 28
|
Agent: | Barclays
|
Fees: | 2.5%
|
Cusip: | 06745Q4N6
|
|
© 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.