By William Gullotti
Buffalo, N.Y., Aug. 25 – Barclays Bank plc priced $2 million of 0% capped Accelerated Return Notes due Aug. 20, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index return is greater than or equal to 86%, the payout will be par plus 161.64%.
If the index gain is less than 86% but greater than or equal to 24%, the payout at maturity will be par plus 24% plus 2.22 times the gain above 24%.
If the index finishes flat or gains up to 24%, the payout will be par plus the return of the index.
Investors will be fully exposed to any index decline.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Capped Accelerated Return Notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,000,000
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| Maturity: | Aug. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is greater than 86%, par plus 161.64%; if the index gain is less than 86% but greater than or equal to 24%, par plus 24% plus 2.22 times the gain above 24%; if the index finishes flat or gains up to 24%, par plus index return; otherwise, lose 1% for every 1% decline from initial level
|
| Initial index level: | Average of index’s closing levels on every trading day from Aug. 17 to Nov. 14
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| Final index level: | Average of index’s closing levels on every trading day from May 18, 2027 to Aug. 17, 2027
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| Pricing date: | Aug. 22
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| Settlement date: | Aug. 25
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| Agent: | Barclays Capital Inc.
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| Fees: | 0.25%
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| Cusip: | 06748XPE5
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