Published on 3/14/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $2.82 million buffered digital notes tied to two indexes, SPDR ETF
By William Gullotti
Buffalo, N.Y., March 14 – Barclays Bank plc priced $2.82 million of 0% buffered digital notes due April 3, 2025 linked to the Utilities Select Sector SPDR Fund, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier finishes at or above 70% of its initial level, the payout at maturity will be par plus 7.25%.
Otherwise, investors will lose 1% for every 1% decline of the worst performer beyond 30%.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Buffered digital notes
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Underlying assets: | Utilities Select Sector SPDR Fund, Nasdaq-100 index, Russell 2000 index
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Amount: | $2,819,000
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Maturity: | April 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes at or above 70% of its initial level, par plus 7.25%; otherwise, 1% loss for every 1% decline of worst performer beyond 30%
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Initial levels: | $62.10 for ETF, 18,043.85 for Nasdaq, 2,054.843 for Russell
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Buffer levels: | $43.47 for ETF, 12,630.7 for Nasdaq, 1,438.39 for Russell; 70% of initial levels
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Pricing date: | Feb. 29
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Settlement date: | March 5
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Agent: | Barclays
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Fees: | 0.65%
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Cusip: | 06745PYX3
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