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Barclays Memory Express Anleihe auf BASF SE 23-28


ISIN:
DE000BC0K3N3
WKN:
BC0K3N

2023/08/28 07:53:39
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerBarclays Bank PLC
Product typeExpress bonds
TypeMemory
CurrencyEUR
UnderlyingBASF
Underlying ISINDE000BASF111
Underlying currencyEUR
Price underlying44.45 EUR
Date2024/11/01 10:19:34
Strike Date2023/08/28
Maturity2028/09/04
Strike price45.4000 EUR
Coupon/express payment9.900%
Coupon stylevariable
Coupon barrier29.5100 EUR
Coupon barrier in %65.00%
Current redemption barrier45.4000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-0.95 EUR
Current redemption barrier distance in %-2.14%
Final redemption barrier29.5100 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance14.94 EUR
Final redemption barrier distance in %33.61%
Nominal amount1,000.00

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Our analysts say...


Performance since inception. Performances under 12 month have only little informative value because of the short maturity. Information about previous performance does not guarantee future performance.
Source: Erste Group Bank AG
Advantages Risks you should be aware of
  • Chance to earn 9.90 % for each year
  • Missed interest payments are paid retrospectively, if the closing price of the underlying is at or above the coupon barrier at a later valuation date (memory function)
  • Possible early redemption at 100.00 % of nominal amount
  • If there was no early redemption and if there was no interest payment during the term, redemption is at 100.00 % plus 49.50 % at the end of the 5th year, if the closing price of the underlying is at or above the final redemption barrier on the last valuation date.
  • Risk buffer (final redemption barrier of 65.00 %) compared to a direct investment in the BASF SE share. A fall of the share price below the barrier during the term has no influence on the redemption at the end of the 5th year, relevant is only the closing price on the last valuation date.
  • Baader Bank will set quotes during the term without being legally obliged to do so.
  • If the closing price of the underlying is below the final redemption barrier on the last valuation date, shares are delivered and there are losses for the investors. A total loss of invested capital is possible.
  • Delivered shares cause additional costs (e.g. security deposit fees, transaction fees upon sale).
  • During the term the bond price will not vary 1:1 with the underlying and premature sale may lead to capital loss.
  • The earnings are capped at 49.50 % even if the underlying has a better performance.
  • Investors bear the risk of the issuer Barclays Bank PLC, i.e. the risk of changes of the creditworthiness and the risk of insolvency.
  • This memory express bond is not covered by any deposit guarantee scheme. Investors are exposed to the risk that Barclays Bank PLC may not be able to meet its obligations arising from the bond in the event of insolvency or over-indebtedness or from an official order (bail-in regime). A total loss of invested capital is possible.

Secondary market

During the term it is possible to sell the product during the trading hours at the exchanges, where the product is listed.

2023/08/28 07:53:39
Bid Ask
- 100.00
Difference 0.00% (0.00)

General attributes

IssuerBarclays Bank PLC
Product typeExpress bonds
TypeMemory
CurrencyEUR
Stock exchangeFRA
UnderlyingBASF
Underlying ISINDE000BASF111
Underlying stock exchangeGER
Underlying currencyEUR
Price underlying44.45 EUR
Date2024/11/01 10:19:34
Issue date2023/08/31
Strike Date2023/08/28
Maturity2028/09/04
Strike price45.4000 EUR
Coupon/express payment9.900%
Coupon stylevariable
Coupon barrier29.5100 EUR
Coupon barrier in %65.00%
Current redemption barrier45.4000 EUR
Current redemption barrier in %100.00%
Current redemption barrier distance-0.95 EUR
Current redemption barrier distance in %-2.14%
Final redemption barrier29.5100 EUR
Final redemption barrier in %65.00%
Final redemption barrier distance14.94 EUR
Final redemption barrier distance in %33.61%
No of shares for redemption22
Nominal amount1,000.00
Quantono
First trading day2023/08/28
Last trading day2028/08/28

Express bonds | Description

This memory express bond of Barclays Bank PLC refers to the share of BASF SE (underlying). It offers an interest payment which depends on the performance of the underlying. The bond has a term of five years, if there is no early redemption. The redemption at maturity depends on the closing price of the underlying on the last valuation date.


Interest payments: Interest of 9.90 % on the nominal amount is paid on the annual interest payment date, if the closing price of the underlying at the respective valuation date is at or above the coupon barrier (65.00 % of the strike price). Otherwise, there is no interest payment. If the interest payment has not been triggered at one or several interest payment dates but has been triggered at a later interest payment date, the interest payments of the earlier periods are paid retrospectively (memory function).

Redemption: The bond will be redeemed on 04/09/2028 if there is no automatic early redemption. There is an automatic early redemption, if the closing price of the underlying is at or above the redemption barrier (100.00 % of the strike price) on one of the valuation dates (28/08/2024, 28/08/2025, 28/08/2026, 30/08/2027). In this case investors receive the respective early redemption amount and the respective interest amount due at this time.

If there is no early redemption the bond will be redeemed at maturity as follows:

  1. If the closing price of BASF SE on the last valuation date (28/08/2028) is at or above the final redemption barrier, the bond is redeemed at 100.00 % of the nominal amount (plus the relevant interest amount).

  2. If the closing price of BASF SE on the last valuation date is below the final redemption barrier, investors receive shares (defined by the ratio of nominal amount / strike price) of the underlying delivered. Fractions of shares are settled in cash. Furthermore, there is no interest payment at maturity.
Information on the product during the term can be found on the issuer's website: BARX Investor Solutions Product Details (cib.barclays)

Price information

Today open100.00
Today high100.00
Today low100.00
Close (previous day)100.00
Spread in %-
Spread absolute-
Spread harmonised-
High price (52 weeks)100.00
Low price (52 weeks)100.00

Performance

Performance YTD in %-
Performance 1 month in %-
Performance 6 months in %-
Performance 1 year in %-
Performance 3 years in %-
Performance 5 years in %-
Performance since inception in %-


2023/08/28 07:53:39
Bid Ask
- 100.00
Difference 0.00% (0.00)

Date: 2024/11/01 10:19:34
Underlying Quote
44.45 EUR
Difference -0.44% (-0.20)

General attributes underlying

NameBASF
ISINDE000BASF111
Stock exchange (underlying)GER
Currency (underlying)EUR
Start value underlying45.4000
Price44.45
Time24/11/01 - 10:19:34
Change in %-0.44%
Today high44.73
Today low44.375
High price (52 weeks)54.93
Low price (52 weeks)40.175
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Information about previous performance does not guarantee future performance.
Source: FactSet

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