By Wendy Van Sickle
Columbus, Ohio, Feb. 9 – Barclays Bank plc priced $7.5 million of 0% autocallable market-linked step-up notes due Jan. 30, 2026 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10.8% if the ETF closes at or above its initial level on any annual observation date.
If the ETF finishes above the step-up level – 150% of the initial level – the payout at maturity will be par of $10 plus the ETF gain.
If the ETF finishes flat or gains by up to the step-up level, the payout will be par plus the step-up payment of 50%.
Investors will receive par if the ETF falls by up to 15% and will be fully exposed to any ETF decline beyond 15%.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying ETF: | VanEck Vectors Gold Miners ETF
|
| Amount: | $7,495,140
|
| Maturity: | Jan. 30, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the ETF finishes above the step-up level, par plus the ETF gain; if the ETF finishes flat or gains by up to the step-up level, par plus 50%; par if the ETF falls by up to 15% exposure to any ETF decline beyond 15%
|
| Call: | Automatically at par plus an annual call premium of 10.8% if the ETF closes at or above its initial level on any annual observation date
|
| Initial level: | $34.58
|
| Step-up level: | $51.87, 150% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 4
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06744A881
|
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