Published on 2/24/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $3.02 million notes on Barclays Trailblazer Sectors
By William Gullotti
Buffalo, N.Y., Feb. 24 – Barclays Bank plc priced $3.02 million of 0% notes due Feb. 24, 2027 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain.
If the index falls, the payout will be par.
Barclays is the agent.
Issuer: | Barclays Bank plc
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Issue: | Notes
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Underlying index: | Barclays Trailblazer Sectors 5
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Amount: | $3,018,000
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Maturity: | Feb. 24, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain; floor of par
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Initial level: | 213.7117
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Agent: | Barclays
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Fees: | 0.7%
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Cusip: | 06748XBU4
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