New Issue: Barclays sells $3.9 million autocallable contingent coupon notes on three SPDR ETFs

By William Gullotti

Buffalo, N.Y., Aug. 31 – Barclays Bank plc priced $3.9 million of autocallable contingent coupon notes due Aug. 21, 2026 linked to the least performing of the Energy Select Sector SPDR Fund, the Health Care Select Sector SPDR Fund and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.75% if each ETF closes at or above its coupon barrier level, 70% of its initial level, on the review date for that period. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be automatically called at par plus the contingent coupon if each ETF closes at or above its initial level on any quarterly review date after six months.

If the notes have not been called and each ETF finishes at or above its 70% trigger level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying funds:	Health Care Select Sector SPDR Fund, Energy Select Sector SPDR Fund, Utilities Select Sector SPDR Fund
Amount:	$3,902,000
Maturity:	Aug. 21, 2026
Coupon:	11.75% annual rate, payable quarterly if each ETF closes at or above coupon barrier level on review date for that period; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	If each ETF finishes at or above trigger level, par plus final coupon; otherwise, lose 1% for every 1% decline of worst performer from initial level
Call:	Automatically at par plus contingent coupon if each ETF closes at or above initial level on any quarterly review date after six months
Initial levels:	$88.81 for Energy, $133.53 for Health Care, $63.49 for Utilities
Coupon barriers:	$62.17 for Energy, $93.47 for Health Care, $44.44 for Utilities; 70% of initial levels
Trigger levels:	$62.17 for Energy, $93.47 for Health Care, $44.44 for Utilities; 70% of initial levels
Pricing date:	Aug. 18
Settlement date:	Aug. 23
Agent:	Barclays
Fees:	1.95%
Cusip:	06745NA63

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