New Issue: Barclays prices $640,000 capped buffered notes on VanEck Vectors Russia

By Marisa Wong

Los Angeles, May 13 – Barclays Bank plc priced $640,000 of 0% capped buffered notes due May 25, 2022 linked to the VanEck Vectors Russia exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final ETF price is greater than the initial ETF price, the payout at maturity will be par plus the ETF return, capped at 10.85%.

If the final ETF price is less than or equal to the initial ETF price but greater than or equal to the buffer value, 85% of the initial ETF price, the payout will be par. Otherwise, investors will lose 1.17647% for every 1% ETF decline beyond 15%.

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 ETF:	VanEck Vectors Russia ETF
Amount:	$640,000
Maturity:	May 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any ETF gain, capped at 10.85%; par if ETF finishes flat or falls by up to 15%; otherwise, 1.17647% loss for every 1% that ETF declines beyond 15%
Initial value:	$27.47
Buffer value:	$23.35, 85% of initial value
Final value:	Average of ETF’s closing prices on five trading days ending May 20, 2022
Pricing date:	May 7
Settlement date:	May 12
Agents:	Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	06748EPR8

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