By Marisa Wong
Los Angeles, June 22 – Barclays Bank plc priced $1,116,000 of 0% digital plus notes due June 5, 2026 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the initial level, the payout at maturity will be par plus the greater of the fund return and 47%.
If the fund finishes below the initial level but at or above the 75% barrier level, the payout will be par.
If the fund finishes below the barrier level, investors will be fully exposed to the fund’s decline.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Digital plus notes
|
| Underlying fund: | iShares MSCI EAFE ETF
|
| Amount: | $1,116,000
|
| Maturity: | June 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the fund finishes flat or gains, par plus the greater of the return and 47%; par if fund falls by up to 25%; otherwise, full exposure to losses
|
| Initial value: | $62.74
|
| Barrier value: | $47.06, 75% of initial value
|
| Strike date: | June 4
|
| Pricing date: | June 5
|
| Settlement date: | June 9
|
| Agent: | Barclays
|
| Fees: | None
|
| Cusip: | 06747PY60
|
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