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Published on 4/22/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $505,000 autocallable contingent coupon notes on three stocks

Chicago, April 22 – Barclays Bank plc priced $505,000 of autocallable contingent coupon notes due Jan. 29, 2026 linked to the least performing of the of the stocks of Apple Inc., Amazon.com, Inc. and Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 15% if each stock closes above its coupon barrier price, 60% of its initial price, on the related determination date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be automatically called at par plus coupon if each stock closes at or above its initial share price on any monthly call observation date starting after three months.

If the notes are not called and the final share price of each stock is greater than or equal to the 60% final barrier, the payout at maturity will be par. Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable contingent coupon notes
Underlying stocks:Apple Inc., Amazon.com, Inc. and Meta Platforms, Inc.
Amount:$505,000
Maturity:Jan. 29, 2026
Coupon:15% annual rate; payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date; coupon payment events will automatically include any previously unpaid coupons
Price:Par
Payout at maturity:Par if each stock finishes at or above 60% of its initial share price; otherwise, full exposure to decline of least performing stock from initial share price
Call:At par plus coupon if closing share price of least performing stock is greater than or equal to its initial share price on any monthly observation date starting after three months
Initial share prices:$194.50 for Apple, $156.87 for Amazon, $390.70 for Meta
Coupon barrier prices:$116.70 for Apple, $94.12 for Amazon, $234.42 for Meta; 60% of initial levels
Final barrier prices:$116.70 for Apple, $94.12 for Amazon, $234.42 for Meta; 60% of initial levels
Pricing date:Jan. 24
Settlement date:Jan. 29
Agent:Barclays
Fees:0.75%
Cusip:06745PM99

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