Published on 3/16/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $12.07 million notes tied to S&P, Dow
Chicago, March 16 – Barclays Bank plc priced $12.07 million of 0% notes due March 13, 2025 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least-performing index’s return is positive, the payout at maturity will be par plus the least-performing index’s return capped at par plus 23%.
Otherwise, investors will receive 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, Dow Jones industrial average
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Amount: | $12,072,000
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Maturity: | March 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worse performer is positive, par plus that return capped at par plus 23%; otherwise, par
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Initial levels: | 3,918.32 for S&P, 32,254.86 for Dow
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Pricing date: | March 9
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Settlement date: | March 14
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Agent: | Barclays
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Fees: | 0.15%
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Cusip: | 06749NP97
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