Chicago, April 14 – Barclays Bank plc priced $1 million of 0% contingent barrier return enhanced notes due April 7, 2022 linked to the SPDR Dow Jones industrial average ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the final fund level is greater than the initial fund level, the payout at maturity will be par plus the fund return.
If the final fund level is less than or equal to the initial fund level but greater than or equal to the barrier value, 68% of the initial fund level, the payout will be par.
If the final fund level is less than the barrier value, investors will lose 1% for every 1% that the fund declines from its initial level.
Barclays is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent barrier return enhanced notes
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| Underlying fund: | SPDR Dow Jones industrial average ETF trust
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| Amount: | $1,000,000
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| Maturity: | April 7, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final fund level is greater than initial fund level, par plus fund return; if final fund level is less than or equal to initial fund level but greater than or equal to barrier value, par; if final fund level is less than barrier value, 1% loss for every 1% that fund declines from initial level
|
| Initial level: | $210.60
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| Final level: | Average of fund’s closing levels on five trading days ending March 31, 2023
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| Barrier value: | $143.21, 68% of initial fund level
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| Pricing date: | April 6
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| Settlement date: | April 9
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| Agent: | Barclays
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
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| Cusip: | 06747PME6
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