Published on 1/4/2024 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $40,000 notes linked to Fidelity Dividends for Inflation PR
By Angela McDaniels
Tacoma, Wash., Jan. 4 – Barclays Bank plc priced $40,000 of 0% notes due May 1, 2025 linked to the Fidelity Dividends for Inflation Index PR, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the index return, subject to a maximum return of 20%. If the final index level is less than the initial index 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 index: | Fidelity Dividends for Inflation Index PR
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Amount: | $40,000
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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 final index level is greater than or equal to initial index level, par plus index return, subject to maximum return of 20%; if final index level is less than initial index level, par
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Initial level: | 688.12
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Pricing date: | April 28, 2023
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Settlement date: | May 3, 2023
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Agent: | Barclays
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Fees: | 1%
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Cusip: | 06745M2E7
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