By William Gullotti
Buffalo, N.Y., Aug. 18 – Barclays Bank plc priced $4.61 million of 0% autocallable market-linked step-up notes due June 1, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 5.2% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up level, 130% of the initial level, the payout at maturity will be par of $10 plus the index gain.
If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 30%.
If the index falls by up to the threshold value, 85% of initial level, the payout will be par.
Investors will be exposed to any index decline beyond the 15% threshold value.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $4,611,410
|
| Maturity: | June 1, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes above the step-up level, par plus the index gain; if the index gains up to the step-up level, par plus 30%; if the index loses up to 15%, par; otherwise, 1% loss for each 1% decline beyond the 15% threshold level
|
| Call: | At par plus 5.2% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 2,170.95
|
| Step-up value: | 2,822.235; 130% of initial level
|
| Threshold value: | 1,845.308; 85% of initial level
|
| Pricing date: | May 13
|
| Settlement date: | May 20
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06747R279
|
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