Published on 1/3/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1 million notes linked to S&P, Russell
By William Gullotti
Buffalo, N.Y., Jan. 3 – Barclays Bank plc priced $1 million of 0% notes due Dec. 29, 2025 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain of the laggard index, subject to a maximum return of par plus 35.5%.
Otherwise, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1 million
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Maturity: | Dec. 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain of the laggard index capped at 35.5%; floor of par
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Initial levels: | 3,821.62 for S&P, 1,748.017 for Russell
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Pricing date: | Dec. 21
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Settlement date: | Dec. 27
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Agent: | Barclays
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Fees: | 1.25%
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Cusip: | 06749NDP4
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