New Issue: Barclays sells $775,000 buffered return enhanced notes on Stoxx 50

By Sarah Lizee

Olympia, Wash., Feb. 12 – Barclays Bank plc priced $775,000 of 0% buffered return enhanced notes due Feb. 10, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial value, the payout at maturity will be par plus 1.59 times the gain.

If the index finishes flat or declines by up to 25%, the payout will be par. Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.

Barclays is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

Issuer:	Barclays Bank plc
Issue:	Buffered return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$775,000
Maturity:	Feb. 10, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.59 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, 1.3333% loss for every 1% decline beyond 25%
Initial level:	3,135.62
Buffer level:	2,351.72, 75% of initial level
Final level:	Average of closing levels on five trading days ending Feb. 5, 2021
Pricing date:	Feb. 8
Settlement date:	Feb. 13
Underwriter:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.5%
Cusip:	06747MDX1

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