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Published on 12/14/2020 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $814,000 autocallable notes on Dow, Nasdaq, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 14 – Barclays Bank plc priced $814,000 of 0% autocallable notes due Nov. 30, 2023 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 10% annualized premium if each index closes at or above its initial level on any semiannual observation date after six months.

If the notes are not called, the payout at maturity will be par unless any index finishes below 60% of its initial value, in which case investors will lose 1% for each 1% decline of the worst performing index.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index and Nasdaq-100 index
Amount:$814,000
Maturity:Nov. 30, 2023
Coupon:0%
Price:Par
Payout at maturity:If notes are not called, par plus unless any index finishes below final barrier, in which case 1% loss for each 1% decline of the worst performing index
Call:Automatically at par plus 10% annualized premium if each index closes at or above its initial level on any semiannual observation date after six months
Initial level:1,819.82 for Russell, 12,268.32 for Nasdaq and 29,638.64 for Dow
Final barriers:1,091.89 for Russell, 7,360.99 for Nasdaq and 17,783.18 for Dow; 60% of initial levels
Pricing date:Nov. 30
Settlement date:Dec. 3
Agent:Barclays
Fees:0.8%
Cusip:06747QPV3

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