Chicago, Nov. 13 – Barclays Bank plc priced $1.45 million of capped buffered return enhanced notes due April 30, 2021 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 14%.
If the fund declines by up to 10%, the payout will be par. Investors will lose 1.11111% for every 1% decline beyond the buffer.
The underwriter is Barclays. The placement agents are J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA.
Issuer: | Barclays Bank plc
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Issue: | Capped buffered return enhanced notes
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Underlying fund: | Health Care Select Sector SPDR fund
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Amount: | $1,451,000
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Maturity: | April 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any fund gain, capped at par plus 14%; par if fund declines by up to 10%; 1.11111% loss for every 1% decline beyond 10%
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Initial value: | $93.01
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Buffer level: | 90% of initial level
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Pricing date: | Oct. 28
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Settlement date: | Oct. 31
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Agent: | Barclays
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Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 1.25%
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Cusip: | 06747NLD4
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