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Published on 4/30/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.69 million 5.35% fixed coupon buffered notes tied to S&P

Chicago, April 30 – Barclays Bank plc priced $3.69 million of 5.35% fixed coupon buffered notes due Jan. 29, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the index finishes at or above the 85% buffer level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will lose 1% for every 1% decline of the index beyond 15%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Fixed coupon buffered notes
Underlying index:S&P 500 index
Amount:$3,692,000
Maturity:Jan. 29, 2027
Coupon:5.35% annual rate, payable quarterly
Price:Par
Payout at maturity:Par plus the coupon unless the index finishes below buffer level, in which case lose 1% for each 1% decline beyond buffer
Initial level:4,890.97
Buffer level:4,157.32; 85% of initial level
Pricing date:Jan. 26
Settlement date:Jan. 31
Agent:Barclays
Fees:3%
Cusip:06745PGQ8

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