New Issue: Barclays prices $3.23 million market-linked step-up notes on Taiwan Stock Exchange index

By Wendy Van Sickle

Columbus, Ohio, June 21 – Barclays Bank plc priced $3.23 million of 0% market-linked step-up notes due June 25, 2021 linked to the Taiwan Stock Exchange Weighted index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the step-up level – 148.1% of the initial level – the payout at maturity will be par of $10 plus the gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 48.1%.

Investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	Barclays Bank plc
Issue:	Market-linked step-up notes
Underlying index:	Taiwan Stock Exchange Weighted index
Amount:	$3.23 million
Maturity:	June 25, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes at or above step-up level, par plus gain; if index gains by up to step-up level, par plus 48.1%; otherwise, 1% loss per 1% decline
Initial index level:	10,566.74
Step-up value:	15,649.34, 148.1% of initial level
Pricing date:	June 18
Settlement date:	June 25
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	06747B266

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