By Wendy Van Sickle
Columbus, Ohio, Nov. 8 – Barclays Bank plc priced $34 million of 0% capped Accelerated Return Notes due May 6, 2025 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index return is greater than or equal to 36%, the payout will be par plus 39.7%.
If the index return is less than 36%, but the index finishes at or above negative 3%, the payout at maturity will be par plus 84.8718% of the return plus 6.6%.
If the index return is less than negative 3%, but the index finishes at or above 91% of initial level, the payout at maturity will be par plus [$1,000 times 1.1 times (the underlier return plus 9%)].
If the index falls below the 91% buffer, investors will be exposed to losses beyond the buffer.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Capped Accelerated Return Notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $34 million
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| Maturity: | May 6, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is greater than 36%, par plus 39.7%; if the index return is less than 36% but at least negative 3%, par plus 84.8718% of the return plus 6.6%; if the index finishes below negative 3% but at or above 91% of initial level, par plus [$1,000 times 1.1 times (the underlier return plus 9%)]; exposure to losses beyond buffer if index falls by more than 9%
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| Initial index level: | Average of index’s closing levels on every trading day from Oct. 28 to Nov. 9
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| Final index level: | Average of index’s closing levels on every trading day from Jan. 31, 2025 to May 1, 2025
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 4
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| Agent: | Barclays Capital Inc.
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| Fees: | 0.125%
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| Cusip: | 06748WRK1
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