Published on 9/30/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $500,000 notes linked to SPDR Gold
By Kiku Steinfeld
Chicago, Oct. 2 – Barclays Bank plc priced $500,000 of 0% notes due March 22, 2028 linked to SPDR Gold Shares, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, capped at par plus 66.4%.
If the fund falls, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying fund: | SPDR Gold Shares
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Amount: | $500,000
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Maturity: | March 22, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any fund gain, capped at par plus 66.4%; floor of par
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Initial level: | $183.77
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Pricing date: | March 17, 2023
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Settlement date: | March 22, 2023
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Agent: | Barclays
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Fees: | 3.65%
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Cusip: | 06749NXA5
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