By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Barclays Bank plc priced $35.99 million of 0% autocallable market-linked step-up notes due Jan. 30, 2025 linked to the Euro Stoxx 50 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 12.6% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the step-up level, 121% of the initial level, the payout at maturity will be par of $10 plus the index gain.
If the index is flat or gains by up to the step-up level, the payout will be par plus the step-up payment of 21%.
Investors will be fully exposed to any index loss.
BofA Securities, Inc. is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable market-linked step-up notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $35,992,520
|
| Maturity: | Jan. 30, 2025
|
| 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 is flat or gains up to the step-up level, par plus 21%; full exposure to loss
|
| Call: | At par plus 12.6% per year if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 4,184.97
|
| Step-up value: | 5,063.81, 121% of initial level
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Agent: | BofA Securities, Inc.
|
| Fees: | 2%
|
| Cusip: | 06748A770
|
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