New York, March 17 – Barclays Bank plc priced $6.12 million of contingent income autocallable securities due March 13, 2026 linked to the common stock of Schlumberger NV, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.35% per year, paid quarterly, if the underlying stock closes at or above its 50% downside threshold on the related observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity, the payout will be par unless the stock finishes below its 50% 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 the dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Schlumberger NV (Ticker: SLB)
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| Amount: | $6,121,500
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| Maturity: | March 13, 2026
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| Coupon: | 12.35% per year, paid quarterly if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock finishes 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 at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial level: | $51.00
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| Downside threshold: | $25.500, 50% of initial level
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| Pricing date: | March 10
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| Settlement date: | March 15
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 06748F290
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