By Wendy Van Sickle
Columbus, Ohio, Sept. 8 – Barclays Bank plc priced $7.34 million of 0% buffered autocallable notes due Sept. 2, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 12.5% if the index closes at or above its initial level on Sept. 5, 2023.
If the notes are not called and the index finishes at or above its initial level, investors will receive par plus 1.5 times the return of the index.
If the index declines but finishes above the 80% buffer level, investors will receive par.
Otherwise, investors will lose 1% for each 1% index decline beyond the 20% buffer.
Barclay is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $7.34 million
|
| Maturity: | Sept. 2, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times return of index if index finishes above initial level; par if index declines but finishes above buffer level; otherwise, 1% loss for each 1% decline beyond buffer
|
| Call: | At par plus 12.5% if index closes at or above initial level on Sept. 5, 2023
|
| Initial level: | 3,955.0
|
| Buffer level: | 3,164.0, 80% of initial level
|
| Pricing date: | Sept. 2
|
| Settlement date: | Sept. 8
|
| Agent: | Barclays
|
| Fees: | 0.6%
|
| Cusip: | 06748XRT0
|
|
|
© 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.
