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
|
|
© 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.