Published on 3/22/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3 million notes linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, March 22 – Barclays Bank plc priced $3 million of 0% notes due March 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, subject to a maximum return of par plus 21%.
If the index falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | S&P 500
|
| Amount: | $3 million
|
| Maturity: | March 20, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 21%; floor of par
|
| Initial level: | 3,960.28
|
| Pricing date: | March 16
|
| Settlement date: | March 21
|
| Agent: | Barclays
|
| Fees: | 0.45%
|
| Cusip: | 06749NX31
|
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