Published on 3/4/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $10.15 million trigger jump autocallable securities on indexes
By Wendy Van Sickle
Columbus, Ohio, March 4 – Barclays Bank plc priced $10.15 million of 0% trigger jump securities with autocallable feature due March 4, 2027 linked to the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
On any quarterly observation date after one year, the notes will be called at par plus an 11.5% annualized premium if each index closes at or above its initial level on any observation date other than the final date, when the call threshold will be 80% of the initial level of each index.
If the notes are not called and each index finishes above 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
Barclays is the agent with Morgan Stanley & Co. LLC as a dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Trigger jump securities with autocallable feature
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $10.15 million
|
| Maturity: | March 4, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and return of worst performing index is at least equal to trigger level, par; 1% loss for every 1% that worst performing index declines if it finishes below trigger level
|
| Call: | Automatically at par plus 11.5% annualized premium if each index closes at or above initial level on any quarterly observation date after a year, except the final date when the call level will be 80% of initial level
|
| Initial levels: | 3,924.23 for Stoxx, 4,373.94 for S&P, 2,048.089 for Russell
|
| Maturity date premium threshold: | 3,139.384 for Stoxx, 3,499.152 for S&P, 1,638.471 for Russell, 80% of initial levels
|
| Trigger levels: | 2,746.961 for Stoxx, 3,061.758 for S&P, 1,433.662 for Russell, 70% of initial levels
|
| Pricing date: | March 1
|
| Settlement date: | March 4
|
| Agent: | Barclays with Morgan Stanley & Co. LLC as a dealer
|
| Fees: | 0.6%
|
| Cusip: | 06748B521
|
|
|
|
|
© 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.
