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Published on 8/31/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $11.88 million Accelerated Return Notes on basket of financial stocks

Chicago, Aug. 31 – Barclays Bank plc priced $11.88 million of 0% Accelerated Return Notes due Oct. 29, 2021 linked to a basket of financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Citigroup Inc. with a 33.34% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.33% weight.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 30.66%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying stocks:Citigroup Inc. with a 33.34% weight, JPMorgan Chase & Co. with a 33.33% weight and Morgan Stanley with a 33.33% weight
Amount:$11,876,540
Maturity:Oct. 29, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, capped at 30.66%; exposure to any basket decline
Initial share prices:$51.72 for Citi, $102.35 for JPM, $52.61 for Morgan Stanley
Pricing date:Aug. 27
Settlement date:Sept. 3
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:06747J343

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