Published on 8/8/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.59 million autocallable notes on S&P, Nasdaq, Russell
Chicago, Aug. 8 – Barclays Bank plc priced $1.59 million of 0% autocallable notes due Dec. 24, 2026 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annual 7.2% premium if all three indexes finish above their initial levels on any of the annual call valuation dates.
The payout at maturity will be par plus the 36% maturity date premium if all three indexes finish above their initial levels.
If any index declines but all finish above their 60% barrier levels, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $1,587,000
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| Maturity: | Dec. 24, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 36% premium if all indexes finish above initial levels; par if any index declines but all finish above barrier levels; otherwise, full exposure to losses of worst performer
|
| Call: | Automatically at par plus 7.2% annual premium if all indexes finish above initial levels on any annual call valuation date
|
| Initial level: | 15,627.64 for Nasdaq, 2,139.88 for Russell, 4,568.02 for S&P
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| Final barrier levels: | 9,376.58 for Nasdaq, 1,283.92 for Russell, 2,740.81 for S&P; 60% of initial levels
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| Pricing date: | Dec. 20, 2021
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| Settlement date: | Dec. 23, 2021
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| Agent: | Barclays
|
| Fees: | 4.125%
|
| Cusip: | 06748WYH0
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