By William Gullotti
Buffalo, N.Y., Sept. 7 – Barclays Bank plc priced $1.21 million of 0% capped knock-out notes due Sept. 6, 2024 linked to the Swiss Market index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the index reaches or exceeds 135% of its initial level at any time on any trading day during the life of the notes.
If a knock-out event has occurred, the payout at maturity will be par plus 10%.
If a knock-out event has not occurred and the index gains up to 35%, the payout at maturity will be par plus the index return.
If a knock-out event has not occurred and the index finishes flat or declines, investors will receive par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped knock-out notes
|
| Underlying index: | Swiss Market index
|
| Amount: | $1.21 million
|
| Maturity: | Sept. 6, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If a knock-out event has occurred, par plus 10%; if a knock-out event has not occurred and the index gains up to 35%, par plus the index return; otherwise, par
|
| Knock-out event: | A knock-out event will occur if the index’s highest intraday value exceeds its knock-out level at any point during the life of the notes
|
| Initial index level: | 11,063.88
|
| Knock-out level: | 14,936.24; 135% of initial level
|
| Strike date: | Aug. 25
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | Barclays
|
| Fees: | 1.6%
|
| Cusip: | 06748XQU8
|
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