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Published on 6/1/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $23.79 million Accelerated Return Notes on Russell 2000

By Wendy Van Sickle

Columbus, Ohio, June 1 – Barclays Bank plc priced $23.79 million of 0% Accelerated Return Notes due July 29, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any index gain, up to a maximum payout of par plus 14.95%. Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:Barclays Bank plc
Issue:Accelerated Return Notes
Underlying index:Russell 2000
Amount:$23,793,780
Maturity:July 29, 2022
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 14.95%; exposure to any index decline
Initial index level:2,273.073
Final index level:Average of index’s closing levels on five trading days ending July 26, 2022
Pricing date:May 27
Settlement date:June 4
Underwriter:BofA Securities, Inc.
Fees:1.75%
Cusip:06747R253

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