By Kiku Steinfeld
Chicago, Feb. 16 – Barclays Bank plc priced $3.56 million of buffered autocallable contingent coupon notes due Jan. 27, 2026 linked to the Energy Select Sector SPDR fund and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon of 6.25% if each asset closes at or above its 80% coupon barrier level on the determination date for that month.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly review date other than the final one after one year.
The payout at maturity will be par plus the final coupon unless either asset falls by more than 20%, in which case investors will lose 1% for each 1% decline of the worse performing asset beyond 20%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable contingent coupon notes
|
| Underlying assets: | Energy Select Sector SPDR fund and Russell 2000 index
|
| Amount: | $3,564,000
|
| Maturity: | Jan. 27, 2026
|
| Contingent coupon: | Contingent monthly coupon of 6.25% if each component closes at or above its coupon barrier level on the determination date for that month
|
| Price: | Par
|
| Payout at maturity: | If final level of each asset is greater than buffer level, par plus contingent coupon; otherwise 1% loss for each 1% decline of worse-performing asset beyond buffer
|
| Call: | Automatically at par plus contingent coupon if each asset closes at or above initial levels on any quarterly determination date other than the final one after one year
|
| Initial asset levels: | $42.07 for Energy Select Sector and 2,168.76 for Russell 2000
|
| Coupon barrier/buffer levels: | $33.66 for Energy Select Sector and 1,735.01 for Russell 2000; 80% of initial levels
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 27
|
| Agent: | Barclays
|
| Fees: | 4.25%
|
| Cusip: | 06747QWG8
|
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