Chicago, Nov. 30 – Barclays Bank plc priced $3 million of contingent income autocallable securities due Nov. 27, 2026 linked to the with pricing to be based on the common stocks of Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at the rate of 11.25% per year if each stock closes at or above its coupon barrier level, 70% of its initial level, on every trading day during the observation period.
The notes will be automatically called at par plus any coupon otherwise due if each stock closes at or above its initial level on any quarterly observation date after six months.
If each stock finishes at or above its 60% downside threshold level, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the least performing stock declines from its initial level.
Barclays is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent income autocallable securities
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| Underlying stocks: | Goldman Sachs Group, Inc. and JPMorgan Chase & Co.
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| Amount: | $3 million
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| Maturity: | Nov. 27, 2026
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| Coupon: | 11.25% per year, payable quarterly if each stock closes at or above coupon barrier level on every trading day during the observation period
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% that least performing stock declines from initial level
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| Call: | Automatically at par plus any coupon otherwise due if each stock closes at or above initial level on any quarterly observation date after six months
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| Initial stock levels: | $338.64 for Goldman, $153.33 for JPM
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| Coupon barriers: | $237.048 for Goldman, $107.331 for JPM; 70% of initial levels
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| Downside thresholds: | $203.184 for Goldman, $91.998 for JPM; 60% of initial levels
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 28
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| Agent: | Barclays
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 06745NZR0
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