By William Gullotti
Buffalo, N.Y., Dec. 22 – Barclays Bank plc priced $1.19 million of 14% autocallable fixed-coupon notes due Dec. 22, 2026 linked to the performance of the United States Natural Gas Fund LP, 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 ETF closes at or above its initial level on any monthly call valuation date after one year.
If the notes are not called, the payout at maturity will be par unless the ETF finishes below 60% of its initial level, in which cases investors will lose 1% for each 1% of the ETF below the initial value.
Barclay is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Autocallable fixed-coupon notes
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| Underlying fund: | United States Natural Gas Fund LP
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| Amount: | $1,191,000
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| Maturity: | Dec. 22, 2026
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| Coupon: | 14%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless ETF finishes below barrier level, in which case investors lose 1% for each 1% decline from initial level
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| Call: | At par if ETF closes at or above initial level on any monthly call valuation date after one year
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| Initial level: | $4.83
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| Barrier level: | $2.90; 60% of initial level
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06745PC33
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