New Issue: Barclays prices $134.24 million Accelerated Return Notes on S&P 500

By Marisa Wong

Los Angeles, Nov. 30 – Barclays Bank plc priced $134.24 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Barclays will issue 13,435,781 notes with a $10 par amount each. The issuer sold 2,311,558 units to an individual investor at $9.95 per unit and the remainder to the public at par for total proceeds of $134,242,232.10.

The payout at maturity will be par plus 300% of any index gain, up to a maximum payout of par plus 13.35%.

Investors will be exposed to any losses.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$134,357,810
Proceeds:	$134,242,232.10
Face amount:	$10
Maturity:	Jan. 28, 2022
Coupon:	0%
Price:	$9.95 for 2,311,558 units sold to individual investor; par of $10 for remainder sold to public
Payout at maturity:	Par plus 300% of any index gain, capped at par plus 13.35%; full exposure to any losses
Initial level:	3,635.41
Final level:	Average of index’s closing levels on five trading days ending Jan. 25, 2022
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Securities, Inc.
Fees:	1.25% for units sold to individual investor, 1.75% for units sold to public
Cusip:	06747K118

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