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Published on 9/9/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $3.2 million 17.6% buffered fixed-rate notes on Nvidia, Amazon, Roku

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Barclays Bank plc priced $3.2 million of 17.6% buffered fixed-coupon notes due Sept. 11, 2024 linked to the least performing of the stocks of Roku, Inc., Nvidia Corp. and the Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

If the least-performing asset finishes at or above 80% of the initial level, the payout at maturity will be par.

Otherwise, investors will share in losses at a rate of 1% per 1% drop beyond 20%.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Buffered fixed-coupon notes
Underlying indexes:Nvidia Corp., Amazon.com, Inc., Roku, Inc.
Amount:$3,198,000
Maturity:Sept. 11, 2024
Coupon:17.6% annual rate, payable monthly
Price:Par
Payout at maturity:If least-performing index finishes at or above 80% of initial level, par; otherwise, 1% loss for every 1% decline of least-performing index beyond 20%
Initial levels:$139.37 for Nvidia, $127.82 for Amazon, $68.30 for Roku
Buffer level:$111.50 for Nvidia, $102.26 for Amazon, $54.64 for Roku; 80% of initial levels
Pricing date:Sept. 6
Settlement date:Sept. 9
Underwriter:Barclays
Fees:0.4%
Cusip:06748XRY9

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