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Published on 10/24/2022 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $900,000 autocallable contingent coupon notes on three stocks

Chicago, Oct. 24 – Barclays Bank plc priced $900,000 of autocallable contingent coupon notes due Feb. 15, 2024 linked to the least performing of the stocks of Roku, Inc., DocuSign, Inc. and the subordinate voting shares of Shopify Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of at a 27.25% annualized rate if the lowest performing stock closes at or above its 60% coupon barrier value on the related observation date. Previously unpaid coupons will also be paid.

The notes will be callable at par (plus unpaid coupons) if the lowest performing stock closes at or above its initial level on any monthly call observation date starting after three months.

The payout at maturity will be par if the lowest performing stock finishes below 50% of initial level, in which case investors will lose 1% for each 1% decline of that stock from its initial level, payable in cash or shares at Barclays’ option.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable contingent coupon notes
Underlying stocks:Roku, Inc., DocuSign, Inc. and Shopify Inc.
Amount:$900,000
Maturity:Feb. 15, 2024
Contingent coupon:27.25% annual rate, payable monthly if the lowest stock closes at or above coupon barrier level on related observation date; previously unpaid coupons will also be paid
Price:Par
Payout at maturity:Par unless worst performing stock finishes below barrier level; in which case 1% loss for each 1% decline of worst performer from initial level, payable in cash or shares at the issuer’s option
Call:At par if stock closes at or above initial level on any monthly observation date after three months
Initial levels:$163.94 for Roku, $122.48 for DocuSign, $854 for Shopify
Coupon barrier levels:$98.36 for Roku, $73.49 for DocuSign, $512.40 for Shopify, 60% of initial levels
Barrier levels:$81.97 for Roku, $61.24 for DocuSign, $427 for Shopify, 50% of initial levels
Physical delivery amounts:6.09979 shares for Roku, 8.1646 shares for DocuSign, 1.17096 shares for Shopify
Pricing date:Feb. 11
Settlement date:Feb. 16
Agent:Barclays
Fees:0.75%
Cusip:06741WU99

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