Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $6 million autocallable leveraged notes linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Dec. 14 – Barclays Bank plc priced $6 million of 0% autocallable leveraged notes due Dec. 11, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be called at par plus a premium of 12% if the index closes at or above 105% of the initial level on Dec. 16, 2024.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 2.82 times the index return.
Investors will be fully exposed to any index decline.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Autocallable leveraged notes
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Underlying index: | Russell 2000 index
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Amount: | $6,001,000
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Maturity: | Dec. 11, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called and index finishes at or above initial level, par plus 2.82 times index gain; otherwise, full exposure to losses
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Call: | Automatically at par plus 12% if index closes at or above call level on Dec. 16, 2024
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Initial index level: | 1,868.251
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Call level: | 1,961.66, 105% of initial level
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Pricing date: | Dec. 7
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Settlement date: | Dec. 12
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Agent: | Barclays
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Fees: | 0.6%
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Cusip: | 06745PA50
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