Published on 8/8/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $25,000 notes on fund, index
Chicago, Aug. 8 – Barclays Bank plc priced $25,000 of notes due July 31, 2025 linked to the least performing of the Dow Jones industrial average and the SPDR Gold Shares, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, investors will receive par plus the return of the worst performer if both assets finish above their initial values.
Otherwise, investors will receive par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying assets: | Dow Jones industrial average and the SPDR Gold Shares
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Amount: | $25,000
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Maturity: | July 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus worst performing asset return if both finish positive; otherwise , par
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Initial levels: | $183.30 for fund, 35,520.12 for Dow
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | Barclays
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Fees: | 1.8%
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Cusip: | 06745MPJ1
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