By Sarah Lizee
Olympia, Wash., May 21 – Barclays Bank plc priced $3 million of 0% capped buffered return enhanced notes due May 20, 2021 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any ETF gain, up to a maximum payout of par plus 37.8%.
Investors will receive par if the ETF falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Barclays Bank plc
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| Issue: | Capped buffered return enhanced notes
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| Underlier: | Energy Select Sector SPDR fund
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| Amount: | $3 million
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| Maturity: | May 20, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 37.8%; par if index declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
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| Initial value: | $78.72
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| Pricing date: | May 17
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| Settlement date: | May 22
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| Agents: | Barclays, with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
| Fees: | 2%
|
| Cusip: | 06746XCP6
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