By Wendy Van Sickle
Columbus, Ohio, Nov. 5 – Barclays Bank plc priced $238,000 of 10% autocallable reverse convertible securities due Feb. 8, 2022 linked to the common stock of JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes will be called at par if the shares close at or above the initial share price on any monthly trigger observation date after six months.
The payout at maturity will be par unless the shares finish below the 75% knock-in level, in which case investors will receive a number of shares equal to $1,000 divided by the initial share price or, at the issuer’s option, an amount in cash equal to the value of those shares.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable reverse convertible securities
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| Underlying stock: | JPMorgan Chase & Co.
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| Amount: | $238,000
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| Maturity: | Feb. 8, 2022
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| Coupon: | 10% payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless stock finishes below knock-in price, in which case a number of shares equal to $1,000 divided by the initial share price
|
| Call: | At par if shares close at or above initial share price on any monthly trigger observation date after six months
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| Initial level: | $103.41
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| Knock-in price: | $77.56, 75% of initial share price
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| Pricing date: | Nov. 3
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| Settlement date: | Nov. 6
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| Agent: | Barclays
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| Fees: | 0.75%
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| Cusip: | 06741WLN8
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