New Issue: Barclays prices $9 million contingent income autocalls on three fast food stocks

By William Gullotti

Buffalo, N.Y., March 3 – Barclays Bank plc priced $9 million of autocallable contingent income securities due March 5, 2026 linked to the stocks of Domino’s Pizza, Inc., McDonald’s Corp. and Yum! Brands, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at the rate of 16.35% per year if each stock closes at or above its coupon barrier level, 70% of its initial level, on every trading day during the observation period.

The notes will be automatically called at par plus any coupon otherwise due if each stock closes at or above its initial level on any quarterly observation date after six months.

If each stock finishes at or above its 60% downside threshold level, the payout at maturity will be par.

Otherwise, investors will lose 1% for every 1% that the least performing stock declines from its initial level.

Barclays is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent income securities
Underlying stocks:	Domino’s Pizza, Inc., McDonald’s Corp., Yum! Brands, Inc.
Amount:	$9 million
Maturity:	March 5, 2026
Coupon:	16.35% per year, payable quarterly if each stock closes at or above coupon barrier level on every trading day during the observation period
Price:	Par of $10
Payout at maturity:	If each stock finishes at or above downside threshold level, par; otherwise, 1% loss for every 1% that least performing stock declines from initial level
Call:	Automatically at par plus any coupon otherwise due if each stock closes at or above initial level on any quarterly observation date after six months
Initial stock levels:	$294.01 for Domino’s, $263.91 for McDonald’s, $127.16 for Yum!
Coupon barriers:	$205.807 for Domino’s, $184.737 for McDonald’s, $89.012 for Yum!; 70% of initial levels
Downside thresholds:	$176.406 for Domino’s, $158.346 for McDonald’s, $76.296 for Yum!; 60% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06748F381

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