By William Gullotti
Buffalo, N.Y., Dec. 8 – Barclays Bank plc priced $2.13 million of 0% capped Accelerated Return Notes due June 5, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index gains by 70% or more, the payout will be par plus 108.4%.
If the index gains by 50% or more, but less than 70%, the payout at maturity will be par plus 80.4% plus 1.4 times the gain of the index above 50%.
If the index gains by 20% or more, but less than 50%, the payout will be par plus 61.8% plus 0.62 times the gain of the index above 20%.
If the index gains by less than 20% or declines by no more than 10%, the payout will be par plus 2.06 times the sum of the return and 10%.
If the index falls by more than 10% but no more than 30%, investors will lose 1.5% for every 1% decline beyond 10%.
Otherwise, investors will lose 1% for every 1% decline in the index from its initial level.
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: | Dow Jones industrial average
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| Amount: | $2,132,000
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| Maturity: | June 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index gains by 70% or more, par plus 108.4%; if the index gains by 50% or more, but less than 70%, par plus 80.4% plus 1.4 times the gain of the index above 50%; if the index gains by 20% or more, but less than 50%, par plus 61.8% plus 0.62 times the gain of the index above 20%; if the index gains by less than 20% or declines by no more than 10%, par plus 2.06 times the sum of the return and 10%; if the index falls by more than 10% but no more than 30%, lose 1.5% for every 1% decline beyond 10%; otherwise, full exposure to decline from initial level
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| Initial index level: | Average of index’s closing levels on every trading day from Nov. 29 to Jan. 6, 2023
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| Final index level: | Average of index’s closing levels on every trading day from March 2, 2029 to May 31, 2029
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | Barclays Capital Inc.
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| Fees: | 0.25%
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| Cusip: | 06749NB35
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