By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – Barclays Bank plc priced $12.6 million of autocallable market-linked step-up notes due Jan. 26, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par of $10 plus a call premium of 10.6% if the index closes at or above the initial level on Jan. 27, 2023.
If the notes are not called and the index finishes above the step-up value, 120% of the initial level, the payout at maturity will be par plus the index gain.
If the index finishes at or below the step-up level but at or above the initial level, the payout will be par plus the step-up return of 20%.
Investors will lose 1% for every 1% index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $12,603,950
|
| Maturity: | Jan. 26, 2024
|
| 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 finishes flat or gains up to the step-up level, par plus 20%; 1% loss for each 1% decline
|
| Call: | At par plus 10.6% if the index closes at or above its initial level on Jan. 27, 2023
|
| Initial level: | 15,495.62
|
| Step-up value: | 18,594.74, 120% of initial level
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06748A663
|
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