Published on 8/23/2023 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $8.62 million market-linked notes tied to Invesco ETF
New York, Aug. 23 – Barclays Bank plc priced $8.62 million of 0% market-linked notes due Sept. 3, 2027 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the ETF is positive, the payout at maturity will be par plus 125% of the return, subject to a maximum return of par plus 36%. Otherwise, investors will receive par.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Market-linked notes
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $8,616,000
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| Maturity: | Sept. 3, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of ETF is positive, par plus 125% of the return, subject to a maximum return of par plus 36%; minimum payout of par
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| Initial level: | $148.16
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| Upside leverage: | 125%
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| Cap: | 36%
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| Pricing date: | Aug. 16
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| Settlement date: | Aug. 21
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 06745MVG0
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