New Issue: Barclays prices $15.41 million capped notes linked to Dow

By William Gullotti

Buffalo, N.Y., Sept. 28 – Barclays Bank plc priced $15.41 million of 0% capped notes due Sept. 24, 2027 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The issuer sold $10.05 million principal amount of the issue at 99.5. The proceeds of the issue totaled $15.35 million.

If the index return is positive, the payout at maturity will be par of $10 plus the index return, subject to a maximum payout of par plus 61.2%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$15,405,080
Proceeds:	$15,354,828.75
Maturity:	Sept. 24, 2027
Coupon:	0%
Price:	Par of $10 for $5,354,830 principal amount of the issue, 99.5 for $10,050,250 principal amount of the issue to a private investor
Payout at maturity:	Par plus any index gain, capped at par plus 61.2%; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial level:	34,764.82
Threshold level:	27,811.86; 80% of initial level
Pricing date:	Sept. 23
Settlement date:	Sept. 30
Agent:	BofA Securities, Inc.
Fees:	2.5% fee for $5,354,830 principal amount of the issue, 2% fee for $10,050,250 principal amount of the issue to a private investor
Cusip:	06747X540

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