By William Gullotti
Buffalo, N.Y., Sept. 22 – Barclays Bank plc priced $853,000 of 0% market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside due Oct. 6, 2022 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the ETF, subject to a maximum payout of par plus 10%.
If the ETF falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the ETF beyond 10%.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked securities with leveraged upside participation to a cap and fixed percentage buffered downside
|
| Underlying fund: | iShares Global Clean Energy ETF
|
| Amount: | $853,000
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| Maturity: | Oct. 6, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain in ETF up to 10%; if ETF falls by up to 10%, par; otherwise, 1% loss for every 1% decline of ETF beyond 10%
|
| Initial level: | $23.46
|
| Buffer level: | $21.114; 90% of initial level
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agents: | Barclays Capital Inc. and Wells Fargo Securities LLC
|
| Fees: | 2.275%
|
| Cusip: | 06748ETB9
|
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