Published on 11/2/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $585,000 buffered autocallable contingent coupon notes on index, ETF
By William Gullotti
Buffalo, N.Y., Nov. 2 – Barclays Bank plc priced $585,000 of buffered autocallable contingent coupon notes due April 30, 2024 linked to the least performing of the VanEck Vectors Gold Miners ETF 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 at a 7% annualized rate if each underlier closes at or above its 80% coupon barrier value on the related observation date.
The notes will be called at par plus coupon if the each underlier closes at or above its initial level on any quarterly call observation date after six months.
The payout at maturity will be par plus the final coupon if each underlier finishes at or above 85% of initial level, otherwise investors will lose 1% for each 1% decline of that asset beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Buffered autocallable contingent coupon notes
|
| Underlying assets: | VanEck Vectors Gold Miners ETF, Russell 2000 index
|
| Amount: | $585,000
|
| Maturity: | April 30, 2024
|
| Contingent coupon: | 7% annual rate, payable monthly if each underlier closes at or above coupon barrier level on related observation date
|
| Price: | Par
|
| Payout at maturity: | Par plus coupon unless an underlier finishes below buffer level; in which case 1% loss for each 1% decline of the worst performer beyond the buffer
|
| Call: | At par plus coupon if each underlier closes at or above initial level on any quarterly observation date after six months
|
| Initial levels: | $33.68 for ETF, 2,191.83 for Russell
|
| Coupon barrier levels: | $26.94 for ETF, 1,753.47 for Russell; 80% of initial levels
|
| Buffer levels: | $28.63 for ETF, 1,863.06 for Russell; 85% of initial levels
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | Barclays
|
| Fees: | 2.75%
|
| Cusip: | 06748EZT3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
