By Marisa Wong
Morgantown, W.Va., March 15 – Barclays Bank plc priced $1.32 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due March 7, 2022 linked to a basket of the iShares MSCI EAFE exchange-traded fund with a 70% weight and the iShares MSCI Emerging Markets ETF with a 30% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any basket gain, up to a maximum settlement amount of $1,450 per $1,000 of notes.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Wells Fargo Securities, LLC and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying basket: | iShares MSCI EAFE ETF with a 70% weight and iShares MSCI Emerging Markets ETF with a 30% weight
|
| Amount: | $1,316,000
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| Maturity: | March 7, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, with return capped at 45%; par if basket falls by up to 10%; 1% loss for each 1% decline beyond 20%
|
| Initial ETF values: | $70.27 for EAFE and $48.02 for EM
|
| Pricing date: | Feb. 28
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| Settlement date: | March 5
|
| Agents: | Wells Fargo Securities, LLC and Barclays
|
| Fees: | 3.93%
|
| Cusip: | 06744CVD0
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