Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $3.77 million leveraged buffered notes on S&P 500 Futures Excess Return
By Wendy Van Sickle
Columbus, Ohio, April 17 – Barclays Bank plc priced $3.77 million of 0% leveraged buffered notes due April 13, 2028 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index’s return is positive, the payout at maturity will be par plus 1.9 times the index’s return. If the index declines by 20% or less, the payout will be par. If it declines by more than 20%, investors will lose 1% for each 1% that the index declines beyond 20%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged buffered notes
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Underlying indexes: | S&P 500 Futures Excess Return index
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Amount: | $3,769,000
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Maturity: | April 13, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index’s return is positive, par plus 1.9 times index’s return; if index’s final level is less than or equal to initial level but greater than or equal to buffer level, par; if index’s final level is less than buffer level, 1% loss for every 1% that index declines beyond buffer
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Initial level: | 455.97
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Buffer level: | 364.78; 80% of initial level
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Pricing date: | April 9
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Settlement date: | April 12
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06745QE47
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