New Issue: Barclays sells $700,000 buffered digital notes tied to S&P 500

By Kiku Steinfeld

Chicago, Oct. 4 – Barclays Bank plc priced $700,000 of 0% buffered digital notes due April 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 70% of its initial level, the payout at maturity will be par plus 6.5%.

Otherwise, investors will lose 1% for every 1% index decline beyond 30%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$700,000
Maturity:	April 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 70% of its initial level, par plus 6.5%; otherwise, 1% loss for every 1% index decline beyond 30% buffer
Initial level:	4,002.87
Buffer level:	2,802.01; 70% of initial level
Pricing date:	March 21, 2023
Settlement date:	March 24, 2023
Agent:	Barclays
Fees:	0.25%
Cusip:	06749NXL1

© 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.