By William Gullotti
Buffalo, N.Y., Aug. 22 – Barclays Bank plc priced $4 million of 0% capped Accelerated Return Notes due Feb. 1, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index return is greater than or equal to 60%, the payout will be par plus 85.2%.
If the index return is less than 60% but greater than or equal to 25%, the payout will be par plus 48.25% plus 105.57% of the index return in excess of 25%.
If the index finishes flat or gains up to 25%, the payout will be par plus 1.21 times the quantity of the index return plus 18%.
If the index declines no more than 10%, the payout will be par plus 1.8 times the quantity of the index return plus 10%.
Otherwise, investors will lose 1% for every 1% of index decline beyond 10%.
Barclays Capital Inc. is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Capped Accelerated Return Notes
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| Underlying index: | S&P 500 index
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| Amount: | $4 million
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| Maturity: | Feb. 1, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index return is greater than 60%, par plus 85.2%; if the index return is less than 60% but greater than or equal to 25%, par plus 48.25% plus 105.57% of the index return in excess of 25%; if index finishes flat or gains up to 25%, par plus 1.21 times the quantity of the index return plus 18%; if the index declines by up to 10%, par plus 1.8 times the quantity of the index return plus 10%; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index level: | Average of index’s closing levels on every trading day from Aug. 15 to Sept. 21
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| Final index level: | Average of index’s closing levels on every trading day from Oct. 28, 2027 to Jan. 27, 2028
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 22
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| Agent: | Barclays Capital Inc.
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| Fees: | 0.25%
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| Cusip: | 06748XNV9
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