Published on 6/21/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.04 million notes linked to S&P 500
Chicago, June 21 – Barclays Bank plc priced $1.04 million of 0% notes due June 4, 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 1.5 times any index gain, capped at par plus 14%.
If the index falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,036,000
|
| Maturity: | June 4, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 14%; floor of par
|
| Initial level: | 4,179.83
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Barclays
|
| Fees: | 0.8%
|
| Cusip: | 06745MB64
|
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