By Wendy Van Sickle
Columbus, Ohio, April 21 – Barclays Bank plc priced $3.64 million of 0% market-linked notes with quarterly averaging and minimum return at maturity due April 22, 2027 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The average index level will be the average of the index levels on each quarterly valuation date during the life of the notes.
If the average index level is greater than the initial index level, the payout at maturity will be par plus the greater of the increase in the average index level and 10.75%.
If the average index level is less than the initial index level, the payout will be par plus 10.75%.
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
|
| Underlying index: | S&P 500 Value index
|
| Amount: | $3,637,000
|
| Maturity: | April 22, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If average index level is greater than initial index level, par plus greater of increase in average index level and 10.75%; if average index level is less than initial index level, par plus 10.75%
|
| Initial index level: | 1,048.623
|
| Average index level: | Average of the index levels on each quarterly valuation date during the life of the notes
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Underwriters: | Wells Fargo Securities and Barclays Capital Inc.
|
| Fees: | 2.78%
|
| Cusip: | 06747PN39
|
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