New York, April 18 – Barclays Bank plc priced $10.77 million of contingent income autocallable securities due April 15, 2027 linked to American Express Co. common shares, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.1% if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting July 12 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline of the stock.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
Issuer: | Barclays Bank plc
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Issue: | Contingent income autocallable securities
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Underlying indexes: | American Express Co. (Ticker: AXP)
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Amount: | $10,767,000
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Maturity: | April 15, 2027
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Coupon: | 10.1% if each underlying index closes at or above its downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically starting July 12 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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Initial levels: | $218.20
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Downside thresholds: | $163.65, 75% of initial level
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Pricing date: | April 12
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Settlement date: | April 17
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Agent: | Barclays
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Selected dealer: | Morgan Stanley Wealth Management
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Fees: | 1.75%
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Cusip: | 06745QKH1
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