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Published on 9/28/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $14.1 million Accelerated Return Notes on basket of tech stocks

Chicago, Sept. 28 – Barclays Bank plc priced $14.1 million of 0% Accelerated Return Notes due Nov. 6, 2021 linked to a basket of tech sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of Facebook Inc., Amazon.com, Inc., Apple, Inc., Netflix Inc. and Alphabet, Inc. Each stock has a 20% weight in the basket.

The payout at maturity will be par of $10 plus 300% of any basket gain, subject to a maximum return of 29.3%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying stocks:Facebook Inc., Amazon.com, Inc., Apple, Inc., Netflix Inc. and Alphabet, Inc., each with a 20% weight
Amount:$14,099,070
Maturity:Nov. 6, 2021
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any basket gain, capped at 29.3%; exposure to any basket decline
Initial share prices:$249.53 for Facebook, $3,019.79 for Amazon, $108.22 for Apple, $473.08 for Netflix and $1,422.86 for Alphabet
Pricing date:Sept. 24
Settlement date:Oct. 1
Agent:BofA Securities, Inc.
Fees:1.75%
Cusip:06747K530

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