Published on 6/21/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.7 million leveraged upside participation notes on S&P
Chicago, June 21 – Barclays Bank plc priced $1.7 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due Dec. 5, 2028 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 200% of any gain in the index, capped at par plus 74%.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
Issuer: | Barclays Bank plc
|
Issue: | Market-linked securities – leveraged upside participation to a cap and contingent downside
|
Underlying index: | S&P 500 index
|
Amount: | $1,703,000
|
Maturity: | Dec. 5, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 200% of any gain in index, capped at par plus 74%; if index falls by up to 20%, par; otherwise, 1% loss for every 1% decline of index from initial level
|
Initial level: | 4,179.83
|
Barrier level: | 3,343.864, 80% of initial level
|
Pricing date: | May 31
|
Settlement date: | June 5
|
Agents: | Barclays Capital Inc. and Wells Fargo Securities LLC
|
Fees: | 4.01%
|
Cusip: | 06745M6G8
|
|
© 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.