Published on 11/29/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.67 million Accelerated Return Notes on Alphabet
By William Gullotti
Buffalo, N.Y., Nov. 29 – Barclays Bank plc priced $10.67 million of 0% Accelerated Return Notes due Jan. 27, 2023 linked to the class A common stock of Alphabet Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any stock gain, up to a maximum return of 21.15%.
Investors will be exposed to any stock decline.
BofA Securities, Inc. is the agent.
| Issuer: | Barclay Bank plc
|
| Issue: | Accelerated Return Notes
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| Underlying stock: | Alphabet Inc.
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| Amount: | $10,669,490
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| Maturity: | Jan. 27, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus triple any stock gain, capped at par plus 21.15%; full exposure to losses
|
| Initial level: | $2,909.99
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 1.75%
|
| Cusip: | 06747Y720
|
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