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