By Kiku Steinfeld
Chicago, July 21 – Barclays Bank plc priced $1.9 million of 0% market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 22, 2024 linked to a basket of domestic exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the SPDR Dow Jones Industrial Average ETF Trust (50% weight), the SPDR S&P MidCap 400 ETF Trust (30% weight) and the iShares Russell 2000 ETF (20% weight).).
The payout at maturity will be par plus 150% of any basket gain, subject to a maximum return of 32%.
Investors will receive par if the basket finishes flat or falls by up to 10% and lose 1% for each 1% decline of the basket beyond 10%.
Wells Fargo Securities, LLC and Barclays are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Market-linked notes with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Basket components: | SPDR Dow Jones Industrial Average ETF Trust (50% weight), SPDR S&P MidCap 400 ETF Trust (30% weight) and iShares Russell 2000 ETF (20% weight)
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| Amount: | $1,895,000
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| Maturity: | Jan. 22, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any basket gain, subject to a maximum return of 32%; par if basket falls by up to 10%; exposure to decline in basket beyond 10%
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| Initial prices: | $266.74 for SPDR Dow, $334.59 for SPDR S&P, $146.59 for iShares Russell
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| Buffer levels: | 90% of initial levels
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| Pricing date: | July 17
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| Settlement date: | July 22
|
| Agents: | Wells Fargo Securities, LLC and Barclays
|
| Fees: | 3.35%
|
| Cusip: | 06747Q6Q5
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