Published on 3/1/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $14.59 million market-linked notes linked to weighted index basket
By Wendy Van Sickle
Columbus, Ohio, March 1 – Barclays Bank plc priced $14.59 million of 0% market-linked notes due Feb. 27, 2026 linked to the performance of a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with an 7.5% weight.
The payout at maturity will be par plus 1.22 times any basket gain.
Otherwise, investors will receive par.
UBS Financial Services Inc. and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
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Issue: | Market-linked notes
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Underlying indexes: | Euro Stoxx 50 (40% weight), Nikkei 225 (25% weight), FTSE 100 (17.5% weight), Swiss Market (10% weight) and S&P/ASX 200 (7.5% weight)
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Amount: | $14,588,000
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Maturity: | Feb. 27, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.22 times any basket gain; otherwise, par
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Initial levels: | 4,178.82 for Stoxx, 27,453.48 for Nikkei, 7,878.66 for FTSE, 11,181.77 for Swiss and 7,307.032 for S&P/ASX
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Pricing date: | Feb. 24
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Settlement date: | Feb. 28
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Agents: | UBS Financial Services Inc. and Barclays Capital Inc.
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Fees: | 2.5%
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Cusip: | 06749NRT1
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