Published on 2/1/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.69 buffered digital notes tied to S&P, Russell
By William Gullotti
Buffalo, N.Y., Feb. 1 – Barclays Bank plc priced $1.69 of 0% buffered digital notes due Jan. 22, 2026 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 85% of its initial level, the payout at maturity will be par plus 18.5%.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 15%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1,685,000
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Maturity: | Jan. 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 85% of its initial level, par plus 18.5%; otherwise, 1% loss for every 1% decline of worst performer beyond 15%
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Initial levels: | 4,739.21 for S&P, 1,913.166 for Russell
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Buffer levels: | 4,028.33 for S&P, 1,626.19 for Russell; 85% of initial levels
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Pricing date: | Jan. 17
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Settlement date: | Jan. 22
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Agent: | Barclays
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Fees: | 0.75%
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Cusip: | 06745PJR3
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