Chicago, Oct. 19 – Barclays Bank plc priced $6.01 million contingent income callable securities due Oct. 16, 2025 linked to the worst performing of the SPDR Euro Stoxx 50 ETF, the Invesco QQQ Trust, Series 1 and the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate 10.25% if each ETF closes at or above its downside threshold level, 70% of its initial ETF level, on the corresponding observation date.
The notes will be callable at par plus any coupon otherwise due on any quarterly payment date other than the final one.
If each ETF finishes at or above its 70% downside threshold, the payout at maturity will be par plus the final coupon.
Otherwise, investors will lose 1% for each 1% decline of the least-performing ETF from its initial level.
Barclays is the agent. Morgan Stanley Wealth Management is the selected dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income callable securities
|
| Underlying funds: | SPDR Euro Stoxx 50 ETF, Invesco QQQ Trust, Series 1 and Invesco S&P 500 Equal Weight ETF
|
| Amount: | $6,010,000
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| Maturity: | Oct. 16, 2025
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| Coupon: | 10.25% per year, payable quarterly if each ETF closes at or above downside threshold on the corresponding determination date
|
| Price: | Par
|
| Payout at maturity: | If each ETF finishes at or above downside threshold, par plus final coupon; otherwise, full exposure to decline of lowest-performing ETF from initial level
|
| Call option: | At par plus any coupon otherwise due on any quarterly determination date
|
| Initial levels: | $41.44 for Stoxx ETF, $365.28 for QQQ, $140.29 for S&P ETF
|
| Downside thresholds: | $29.008 for Stoxx ETF, $255.696 for QQQ, $98.203 for S&P ETF; 70% of initial levels
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| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 18
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 06745NSJ6
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