Published on 11/30/2020 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $9.28 million Accelerated Return Notes on Technology Select Sector
By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Barclays Bank plc priced $9.28 million of 0% Accelerated Return Notes due Jan. 28, 2022 linked to the Technology Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, up to a maximum payout of par plus 21%.
Investors will be exposed to any losses.
BofA Securities, Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Accelerated Return Notes
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Underlying index: | Technology Select Sector
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Amount: | $9,275,230
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Maturity: | Jan. 28, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 21%; full exposure to any losses
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Initial level: | 1,224.26
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Pricing date: | Nov. 24
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Settlement date: | Dec. 2
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Agent: | BofA Securities, Inc.
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Fees: | 1.74%
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Cusip: | 06747K142
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