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Published on 2/9/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.2 million notes linked to Dow, S&P

By William Gullotti

Buffalo, N.Y., Feb. 9 – Barclays Bank plc priced $1.2 million of 0% notes due July 25, 2025 linked to the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain of the worst performing index, subject to a maximum return of par plus 12.6%.

Otherwise, the payout will be par.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Notes
Underlying indexes:S&P 500 index, Dow Jones industrial average
Amount:$1.2 million
Maturity:July 25, 2025
Coupon:0%
Price:Par
Payout at maturity:Par plus any gain of the worst performing index, capped at par plus 12.6%; floor of par
Initial levels:4,850.43 for S&P, 38,001.81 for Dow
Pricing date:Jan. 22
Settlement date:Jan. 25
Agent:Barclays
Fees:0.7%
Cusip:06745PLT6

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