Published on 7/26/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $545,000 contingent market-linked notes with minimum return on Stoxx
By William Gullotti
Buffalo, N.Y., July 26 – Barclays Bank plc priced $545,000 of 0% market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside due July 26, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 80% threshold level, the payout at maturity will be the greater of par plus the return of the index and par plus 20%.
Otherwise, investors will lose 1% for every 1% of index decline beyond 20%.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked securities – upside participation with contingent minimum return and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $545,000
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Maturity: | July 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus greater of index return and 20%; otherwise, 1% loss for every 1% decline of the index beyond 20%
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Initial level: | 4,373.73
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Threshold level: | 3,498.984; 80% of initial level
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Pricing date: | July 20
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Settlement date: | July 25
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Agent: | Barclays Capital Inc. and Wells Fargo Securities LLC
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Fees: | 3.52%
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Cusip: | 06745MLB2
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