Best-selling products Americas 2023: Barclays' synthetic note reigns, fixed income callables leave their mark

US: Synthetic Convertible Notes - Alphabet (06741W7A2) – US$450m Issued on 31 August, the synthetic convertible noted issued by Barclays Bank was linked to the Class A common stock of Alphabet with a three-year tenor. The underlier’s initial level was US$131.0492, which was set on 24 August, the strike date. The threshold value was US$172.9894, or 132% of the initial value. With initial price of 1,089 per 1,000 principal amount, this fully-protected note offers a fixed coupon of 4%