Published on 7/26/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $408,000 leveraged capped market-linked notes on Stoxx
By William Gullotti
Buffalo, N.Y., July 26 – Barclays Bank plc priced $408,000 of 0% market-linked securities – leveraged upside participation to a cap 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.
The payout at maturity will be par plus 150% of any gain in the index, subject to a maximum payout of par plus 100%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index 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 – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50 index
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Amount: | $408,000
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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: | Par plus 150% of any index gain, capped at par plus 100%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index beyond 20%
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Initial level: | 4,373.73
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Buffer 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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Agents: | Barclays Capital Inc. and Wells Fargo Securities LLC
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Fees: | 3.35%
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Cusip: | 06745ML63
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