E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/9/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.37 million capped notes linked to an index basket

By William Gullotti

Buffalo, N.Y., Feb. 9 – Barclays Bank plc priced $1.37 million of 0% capped notes due Jan. 28, 2026 linked to an equally-weighted basket of indexes consisting of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus the basket return, subject to a maximum payout of par plus 18.25%.

Otherwise, investors will receive par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Capped notes
Underlying basket:Dow Jones industrial average, Nasdaq-100 index, S&P 500 index; equal weights
Amount:$1,372,000
Maturity:Jan. 28, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain, capped at par plus 18.25%; otherwise, par
Initial levels:37,905.45 for Dow, 17,404.21 for Nasdaq, 4,864.6 for S&P
Pricing date:Jan. 23
Settlement date:Jan. 26
Agent:Barclays
Fees:0.4%
Cusip:06745PMK4

© 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.