Published on 8/6/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $836,000 notes on Barclays Trailblazer Sectors
By Kiku Steinfeld
Chicago, Aug. 7 – Barclays Bank plc priced $836,000 of 0% notes due Aug. 28, 2025 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2.5 times the gain of the index if it finishes at or above its initial level.
Otherwise, investors will receive par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Notes
|
| Underlying index: | Barclays Trailblazer Sectors 5
|
| Amount: | $836,000
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| Maturity: | Aug. 28, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any gain; otherwise, par
|
| Initial level: | 200.1133
|
| Pricing date: | Feb. 23, 2023
|
| Settlement date: | Feb. 28, 2023
|
| Agent: | Barclays
|
| Fees: | 3.25%
|
| Cusip: | 06749NNL2
|
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