New Issue: Barclays prices $1.2 million autocallable fixed-coupon notes on Qualcomm

Chicago, June 30 – Barclays Bank plc priced $1.2 million of 4.8% autocallable fixed-coupon notes due Dec. 20, 2024 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the stock closes at or above its initial level on any quarterly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 60% of its initial level, in which cases investors will receive 56.56109 shares or the cash value of those shares.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Qualcomm Inc.
Amount:	$1.2 million
Maturity:	Dec. 20, 2024
Coupon:	4.8% annual rate, payable monthly
Price:	Par of $10,000
Call:	At par if stock closes at or above initial level on any quarterly call valuation date after six months
Payout at maturity:	Par unless stock finishes below barrier level, in which case 56.56109 shares or the cash value
Initial level:	$176.8
Barrier level:	$106.08; 60% of initial level
Pricing date:	Dec. 17, 2021
Settlement date:	Dec. 22, 2021
Agent:	Barclays
Fees:	2%
Cusip:	06741WQ29

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.