By William Gullotti
Buffalo, N.Y., Sept. 28 – Barclays Bank plc priced $15.05 million of 0% autocallable market-linked step-up notes due Sept. 24, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 7.75% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up level, 125% of the initial level, the payout at maturity will be par of $10 plus the index gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 25%.
If the index declines by up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline beyond 10%.
BofA Securities, Inc. is the agent.
Issuer: | Barclays Bank plc
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Issue: | Autocallable market-linked step-up notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $15,045,630
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Maturity: | Sept. 24, 2026
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index gains up to the step-up level, par plus 25%; if the index declines up to 10%, par; otherwise, lose 1% for every 1% decline beyond 10%
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Call: | At par plus 7.75% per year if the index closes at or above its initial level on any annual observation date
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Initial level: | 4,194.92
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Step-up value: | 5,243.65; 125% of initial level
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Threshold value: | 3,775.43; 90% of initial level
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Pricing date: | Sept. 23
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Settlement date: | Sept. 30
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Underwriter: | BofA Securities, Inc.
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Fees: | 2%
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Cusip: | 06747X581
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