By Taylor Fox
New York, Jan. 19 – Barclays Bank plc priced $2.5 million of 0% capped buffered notes due Jan. 21, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return, capped at par plus 10%.
If the final index level is less than or equal to the initial index level but greater than or equal to the buffer value, 75.75% of the initial index level, the payout will be par.
If the final index level is less than the buffer value, investors will lose 1.32013% for every 1% that the index declines beyond 24.25%.
Barclays is the agent, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Capped buffered notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2.5 million
|
| Maturity: | Jan. 21, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 10%; par if index finishes flat or falls by up to 24.25%; otherwise, 1.32013% loss for every 1% that index declines beyond 24.25%
|
| Initial level: | 1,952.722
|
| Buffer level: | 1,479.187, 75.75% of initial level
|
| Final level: | Average of index’s closing levels on five trading days ending Jan. 18, 2022
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Agent: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
|
| Fees: | 0.1%
|
| Cusip: | 06747QTK3
|
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