Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $617,000 notes linked to S&P 500
Chicago, Oct. 12 – Barclays Bank plc priced $617,000 of 0% notes due Oct. 3, 2025 linked to the S&P 500 index, according to a 374B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, capped at par plus 29%.
If the index falls, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | S&P 500 index
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Amount: | $617,000
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Maturity: | Oct. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 29%; floor of par
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Initial level: | 3,585.62
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Pricing date: | Sept. 30, 2022
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Settlement date: | Oct. 5, 2022
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06748XTQ4
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