By Wendy Van Sickle
Columbus, Ohio, April 21 – Barclays Bank plc priced $1 million of 0% contingent barrier notes due April 21, 2022 linked to the Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock level is greater than the initial stock level, the payout at maturity will be par plus the stock return.
If the final stock level is less than or equal to the initial stock level but greater than or equal to the barrier value, 69.5% of the initial stock level, the payout will be par.
If the final stock level is less than the barrier value, investors will lose 1% for every 1% that the stock declines from its initial level.
Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent barrier notes
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| Underlying stock: | Bank of America Corp.
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| Amount: | $1 million
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| Maturity: | April 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final stock level is greater than initial stock level, par plus stock return; if final stock level is less than or equal to initial stock level but greater than or equal to barrier value, par; if final stock level is less than barrier value, 1% loss for every 1% that stock declines from initial level
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| Initial level: | $21.42
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| Final level: | Average of stock’s closing levels on five trading days ending April 18, 2022
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| Barrier value: | $14.89, 69.5% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 22
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| Agents: | Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 1.5%
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| Cusip: | 06747PPC7
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