By Wendy Van Sickle
Columbus, Ohio, June 17 – Barclays Bank plc priced $2 million of 0% Strategic Accelerated Redemption Securities due June 19, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus an annualized call premium of 10% if the index closes at or above its initial level on any annual observation date.
If the notes are not called, investors will lose 1% for every 1% that the final index level is less than the initial index level.
BofA Merrill Lynch 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: | $2 million
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| Maturity: | June 19, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | 1% loss for every 1% that final index level is less than initial index level
|
| Call: | At par plus 10% per year if index closes at or above initial level on any annual observation date
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| Initial index level: | 3,207.18
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| Pricing date: | June 9
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| Settlement date: | June 16
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| Agent: | BofA Merrill Lynch
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| Fees: | 2%
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| Cusip: | 06747H362
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