Published on 2/13/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $500,000 digital notes on three ETFs
Chicago, Feb. 13 – Barclays Bank plc priced $500,000 of 0% digital notes due Nov. 30, 2026 linked to the least performing of the iShares S&P 500 Value ETF, the iShares Russell 2000 ETF and the SPDR S&P 500 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If all three ETFs close above their initial levels, investors will receive par plus 30% at maturity.
Otherwise, investors will receive par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Digital notes
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Underlying ETFs: | iShares S&P 500 Value ETF, iShares Russell 2000 ETF and SPDR S&P 500 ETF
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Amount: | $500,000
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Maturity: | Nov. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 30% if all three ETFs finish positive; otherwise, par
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Call: | Non-callable
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Initial prices: | $151.54 for iShares S&P, $177.42 for Russell, $414.09 for SPDF S&P
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Strike date: | May 23, 2023
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Pricing date: | May 26, 2023
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Settlement date: | June 1, 2023
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Agent: | Barclays
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Fees: | 0.3%
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Cusip: | 06745MEK0
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