By William Gullotti
Buffalo, N.Y., Jan. 5 – Barclays Bank plc priced $1.69 million of 0% market-linked securities – upside participation with contingent minimum return with contingent absolute return and contingent downside due Jan. 3, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus the return of the index and par plus 32.5%.
Investors will gain 1% for every 1% decline if the index falls but finishes at or above the 80% threshold and lose 1% for every 1% of index decline if it finishes below the threshold.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc.
|
| Issue: | Market-linked securities – upside participation with contingent minimum return with contingent absolute return and contingent downside
|
| Underlying index: | S&P 500 index
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| Amount: | $1.69 million
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| Maturity: | Jan. 3, 2029
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus greater of index return and 32.5%; if index falls by no more than 20%, par plus absolute value of index return; otherwise, 1% loss for every 1% decline of the index from initial level
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| Initial level: | 4,783.35
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| Threshold level: | 3,826.68; 80% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | Barclays Capital Inc. and Wells Fargo Securities LLC
|
| Fees: | 3.87%
|
| Cusip: | 06745P2W0
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