E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/20/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $252,000 barrier digital notes tied to Dow, Nasdaq, Russell

By Kiku Steinfeld

Chicago, Sept. 20 – Barclays Bank plc priced $ $252,000of 0% barrier digital notes due March 9, 2028 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus 60%

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Barrier digital notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
Amount:$252,000
Maturity:March 9, 2028
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above barrier level, par plus 60%; otherwise, 1% loss for every 1% decline of worst performer from initial level
Initial levels:32,856.46 for Dow, 12,152.17 for Nasdaq, 1,878.724 for Russell
Barrier levels:22,999.52 for Dow, 8,506.52 for Nasdaq, 1,315.11 for Russell; 70% of initial levels
Pricing date:March 7, 2023
Settlement date:March 9, 2023
Agent:Barclays
Fees:4.125%
Cusip:06749NWJ7

© 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.