Published on 4/21/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 notes linked to S&P 500
Chicago, April 22 – Barclays Bank plc priced $500,000 of 0% notes due Feb. 27, 2025 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 any index gain, capped at par plus 11%.
If the index falls, investors will lose 1% for each 1% decline but not more than 5%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $500,000
|
| Maturity: | Feb. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 11%; otherwise, 1% loss for each 1% decline with a floor of $950 per note
|
| Initial level: | 4,839.81
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agent: | Barclays
|
| Fees: | 0.47%
|
| Cusip: | 06745PMZ1
|
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