By Wendy Van Sickle
Columbus, Ohio, Jan. 8 – Barclays Bank plc priced $950,000 of 0% market-linked notes with quarterly averaging and minimum return at maturity due Jan. 4, 2027 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The average index return will be the average of the index returns on each quarterly valuation date during the life of the notes.
The payout at maturity will be par plus the greater of any gain in the average index return from the starting level and 6%.
If the average index return falls from the starting level, the payout will be par plus 6%.
Wells Fargo Securities and Barclays Capital Inc. are the underwriters.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked notes with quarterly averaging and minimum return at maturity
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| Underlying index: | Dow Jones industrial average
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| Amount: | $950,000
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| Maturity: | Jan. 4, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus greater of any gain in the average index return from the starting level and 6%, minimum payout of par plus 6%
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| Initial index level: | 28,462.14
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| Average index return: | Average of the index returns on each quarterly valuation date during the life of the notes
|
| Pricing date: | Dec. 30
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| Settlement date: | Jan. 3
|
| Underwriters: | Wells Fargo Securities and Barclays Capital Inc.
|
| Fees: | 4.7025%
|
| Cusip: | 06747NU77
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