By Wendy Van Sickle
Columbus, Ohio, July 16 – Barclays Bank plc priced $3.44 million of Strategic Accelerated Redemption Securities due July 17, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Bank of America Corp.
The notes will be called at a premium of 11% per year if the closing level of the index is greater than its starting value on any annual observation date.
If the notes are not called, the payout at maturity will be par plus the return of the index with full exposure to the decline.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Strategic Accelerated Redemption Securities
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| Underlying index: | S&P 500
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| Amount: | $3,437,000
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| Maturity: | July 17, 2026
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Full exposure to the decline if notes are not called
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| Call: | Par plus 11% a year if the closing level of the index is greater than its starting value on any annual observation date
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| Initial index level: | 3,130.01
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| Agent: | BofA Securities, Inc.
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| Fees: | 2%
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| Pricing date: | July 2
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| Settlement date: | July 10
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| Cusip: | 06747J715
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