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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
Issue:Accelerated Return Notes
Underlying index:Technology Select Sector
Amount:$9,275,230
Maturity:Jan. 28, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 21%; full exposure to any losses
Initial level:1,224.26
Pricing date:Nov. 24
Settlement date:Dec. 2
Agent:BofA Securities, Inc.
Fees:1.74%
Cusip:06747K142

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