Chicago, Nov. 28 – Barclays Bank plc priced $2 million of 0% market-linked securities with upside participation to a cap with contingent absolute return and fixed percentage buffered downside due Nov. 27, 2028 linked to the stock performance of Apple Inc., according to a 424B2 filing with Securities and Exchange Commission.
At maturity, if the stock has increased investors will receive par plus the return of the stock capped at 42.75%.
If the stock has declined but finished above its 50% threshold price, investors will receive par plus the absolute value of the return.
Otherwise, investors will have 1% loss for each 1% decline plus a 50% buffer, meaning the minimum payout is $500 per $1,000 note.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
| Underlying stock: | Apple Inc.
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| Amount: | $2,000,000
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| Maturity: | Nov. 27, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of stock capped at 42.75% if stock ends positive; par plus absolute return of stock if it declines but ends above buffer level; otherwise, 1% loss for each 1% decline beyond 50% buffer
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| Call: | Non-callable
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| Initial level: | $190.64
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| Buffer level: | $95.32; 50% of initial level
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 27
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| Agents: | Wells Fargo Securities, LLC and Barclays Capital Inc.
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| Fees: | 3.87%
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| Cusip: | 06745NZ58
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