By William Gullotti
Buffalo, N.Y., Feb. 9 – Barclays Bank plc priced $3.74 million of autocallable contingent coupon notes due Jan. 28, 2026 linked to the stock performance of Energy Transfer LP, Valero Energy Corp. and Exxon Mobil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 12.6% if each stock closes at or above its coupon barrier price, 70% of its initial price, on the related determination date.
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 after three months.
If the notes are not called and the final share price of each stock is greater than or equal to its coupon barrier price, the payout at maturity will be par plus the final coupon.
If the worst performer finishes below its coupon barrier price but at or above its 50% final barrier, the payout will be par. If the worst performer finishes below its final barrier but the best performer finishes at or above its initial share price, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the share price of the least performing stock from its initial share price.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable contingent coupon barrier notes
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| Underlying stocks: | Energy Transfer LP, Valero Energy Corp., Exxon Mobil Corp.
|
| Amount: | $3,742,000
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| Maturity: | Jan. 28, 2026
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| Coupon: | 12.6% annual rate; payable monthly if closing price of each stock is greater than or equal to coupon barrier on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus final coupon if each stock finishes at or above coupon barrier price; if worst performer declines but finishes at or above final barrier, par; if worst performer finishes below final barrier but the best performer finishes at or above initial share price, par; 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 after three months
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| Initial share prices: | $13.94 for Energy Transfer, $129.11 for Valero, $97.91 for Exxon Mobil
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| Coupon barrier prices: | $9.76 for Energy Transfer, $90.38 for Valero, $68.54 for Exxon Mobil; 70% of initial levels
|
| Final barrier prices: | $6.97 for Energy Transfer, $64.56 for Valero, $48.96 for Exxon Mobil; 50% of initial levels
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| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
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| Agent: | Barclays
|
| Fees: | 0.7%
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| Cusip: | 06745PKV2
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