By Wendy Van Sickle
Columbus, Ohio, April 14 – Barclays Bank plc priced $20 million 0% step-down trigger autocallable notes due April 14, 2025 linked to the lesser performing of the shares of DocuSign, Inc. and Baidu, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par of $10 plus a call return of 19.55% per year if each stock closes at or above its initial share price on any annual observation date or at or above its 60% downside threshold level on the final valuation date.
If the notes are not called, the lesser performing stock has finished below 60% of its initial share price and investors will be fully exposed to the losses of that stock.
UBS Financial Services Inc. and Barclays are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Step-down trigger autocallable notes
|
| Underlying stocks: | DocuSign, Inc. and Baidu, Inc.
|
| Amount: | $20 million
|
| Maturity: | April 14, 2025
|
| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 78.2% if both stocks finish at or above their downside threshold levels; otherwise full exposure to losses of lesser performing stock
|
| Call: | Par plus annualized call return of 19.55% if both stocks close at or above initial share prices on any annual observation date or at or above downside threshold level on final observation date
|
| Initial levels: | $212.28 for DocuSign and $226.77 for Baidu
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| Downside threshold levels: | $127.37 for DocuSign and $136.06 for Baidu, 60% of initial levels
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| Pricing date: | April 9
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| Settlement date: | April 14
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| Agents: | UBS Financial Services Inc. and Barclays
|
| Fees: | 0%
|
| Cusip: | 06747R626
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