Published on 8/31/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $25 million Leveraged Index Return Notes on Stoxx 50
Chicago, Aug. 30 – Barclays Bank plc priced $25 million of 0% Leveraged Index Return Notes due Aug. 28, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.485 times any index gain.
If the index falls by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 20%.
BofA Securities, Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Leveraged Index Return Notes
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Underlying index: | Euro Stoxx 50
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Amount: | $25,004,860
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Maturity: | Aug. 28, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 148.5% of any index gain; par if index falls by up to 20%; otherwise, 1% loss for every 1% index decline beyond 20%
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Initial level: | 4,169.87
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Threshold level: | 3,335.90, 80% of initial level
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Final index level: | Average of index’s closing levels on five trading days ending Aug. 25, 2026
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Pricing date: | Aug. 26
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Settlement date: | Sept. 3
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Underwriter: | BofA Securities, Inc.
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Fees: | 2.5%
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Cusip: | 06747W146
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