By Wendy Van Sickle
Columbus, Ohio, April 15 – Barclays Bank plc priced $23.03 million of buffered autocallable contingent coupon notes due April 14, 2026 linked to the shares of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at a 9.4% annualized rate if the stock closes at or above its 80% coupon barrier value on the related observation date.
The notes will be called automatically at par plus the coupon if the stock closes at or above its initial share price on a monthly observation date after one year.
If the notes are not called and the stock finishes at or above its 70% buffer level, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% that the stock declines beyond 30%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable contingent coupon notes
|
| Underlying stock: | Boeing Co.
|
| Amount: | $23,027,000
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| Maturity: | April 14, 2026
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| Contingent coupon: | 9.4% per year, payable monthly if the stock closes at or above coupon barrier on the related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus contingent coupon if stock finishes at or above buffer level; otherwise, lose 1% for each 1% decline beyond 30%
|
| Call: | At par plus coupon if stock closes at or above initial share price on a monthly observation date after one year
|
| Initial share price: | $188.85
|
| Coupon barrier: | $151.08; 80% of initial share price
|
| Buffer level: | $132.20; 70% of initial share price
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| Pricing date: | April 9
|
| Settlement date: | April 12
|
| Agent: | Barclays
|
| Fees: | 0.3%
|
| Cusip: | 06745QE70
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