By Wendy Van Sickle
Columbus, Ohio, Aug. 21 – Barclays Bank plc priced $4.19 million of Strategic Accelerated Redemption Securities due Aug. 29, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at a premium of 8.33% per year if the closing level of the index is greater than its starting value on any of the six annual observation dates.
If the notes are not called, investors lose 1% for each 1% decline in the index.
BofA Merrill Lynch is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Strategic Accelerated Redemption Securities
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| Underlying index: | S&P 500
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| Amount: | $4.19 million
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| Maturity: | Aug. 29, 2025
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| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | Full exposure to loss
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| Call: | At par plus 8.33% a year if the closing level of the index is greater than its starting value on any of six annual observation dates
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| Initial level: | 2,923.65
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| Agent: | BofA Merrill Lynch
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 26
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| Fees: | 2%
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| Cusip: | 06747C447
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