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Published on 3/20/2023 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.42 million autocallable notes linked to Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, March 20 – Barclays Bank plc priced $1.42 million of 0% autocallable notes due March 17, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus annualized premium of 8.9% if on an annual call valuation date the index closes above its initial level.

The payout at maturity will be par plus the maturity date call premium if the index finishes at or above its initial level. If the index falls by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to losses.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable notes
Underlying index:Euro Stoxx 50 index
Amount:$1,416,000
Maturity:March 17, 2028
Coupon:0%
Price:Par
Call:Automatically at par plus annualized premium of 8.9% if index finishes above initial level on an annual call date
Payout at maturity:Par plus maturity date call premium if index finishes at or above initial level; par if index falls but not more than 30%; full exposure to losses otherwise
Initial index level:4,179.47
Barrier level:2,925.63, 70% of initial level
Pricing date:March 14
Settlement date:March 17
Agent:Barclays
Fees:3.25%
Cusip:06749NX72

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