New York, April 18 – Barclays Bank plc priced $11.25 million of contingent income autocallable securities due April 6, 2026 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20.25% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically starting June 30 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly review date.
At maturity the payout will be par unless the stock closes below its 50% downside threshold level in which case investors will be fully exposed to the decline of the stock.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Tesla, Inc. (Ticker: TSLA)
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| Amount: | $11,249,320
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| Maturity: | April 6, 2026
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| Coupon: | 20.25% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
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| Price: | Par of $10
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| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
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| Call: | Automatically starting June 30 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly review date
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| Initial level: | $207.46
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| Downside threshold: | $103.730, 50% of initial level
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | Barclays
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25% including a structuring fee of 0.5%
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| Cusip: | 06748F183
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