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Published on 8/6/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $125,000 capped contingent barrier return enhanced notes on Facebook

By William Gullotti

Buffalo, N.Y., Aug. 6 – Barclays Bank plc priced $125,000 of 0% contingent barrier return enhanced notes due June 22, 2022 linked to the performance of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock finishes at or above its initial share price, the payout at maturity will be par plus double the return, subject to a maximum payout of par plus 19.8%.

If the stock declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the share price from its initial level.

Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

Issuer:Barclays Bank plc
Issue:Contingent barrier return enhanced notes
Underlying stock:Facebook, Inc.
Amount:$125,000
Maturity:June 22, 2022
Coupon:0%
Price:Par
Payout at maturity:If the stock finishes at or above initial level, par plus two times index return capped at 19.8%; if the stock declines up to 20%, par; otherwise, 1% loss for every 1% the share price declines from initial level
Initial level:$330.35
Barrier value:$264.28; 80% of initial level
Pricing date:June 4
Settlement date:June 9
Agents:Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
Fees:1%
Cusip:06748EVT7

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