Chicago, Jan. 26 – Barclays Bank plc priced $7.65 million of 0% autocallable market-linked step-up notes due Jan. 28, 2027 linked to the MSCI Emerging Markets 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 8.05% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up level – 125% 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 25%.
Investors will receive par if the index declines, but not more than 10% from its initial level.
Otherwise, investors will be fully exposed to any index decline.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | MSCI Emerging Markets index
|
| Amount: | $7,647,270
|
| Maturity: | Jan. 28, 2027
|
| 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 25%; par if the index declines, but stays above barrier level; otherwise, full exposure to any index decline
|
| Call: | At par plus 8.05% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 1,255.74
|
| Step-up value: | 1,569.68, 125% of initial level
|
| Barrier level: | 1,130.17, 90% of initial level
|
| Pricing date: | Jan. 20
|
| Settlement date: | Jan. 27
|
| Underwriter: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06748A4655
|
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