Published on 4/30/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $1.98 million notes linked to S&P, Russell, Nasdaq
Chicago, April 30 – Barclays Bank plc priced $1.98 million of 0% notes due May 1, 2025 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing index’s final level is greater than or equal to its initial level, the payout at maturity will be par plus the least performing index’s return, subject to a maximum return of 12.8%.
If the least performing index’s final level is less than its initial level, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $1,982,000
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Maturity: | May 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least performing index’s final level is greater than or equal to initial level, par plus least performing index’s return, subject to maximum return of 12.8%; if least performing index’s final level is less than initial level, par
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Initial levels: | 4,890.97 for S&P, 1,978.331 for Russell and 17,421.01 for Nasdaq
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | Barclays
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Fees: | 0.25%
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Cusip: | 06745PJZ5
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