New York, June 1 – Barclays Bank plc priced $10 million of contingent income autocallable securities due June 3, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 13.97004%, paid monthly, if the index closes at or above its 85% downside threshold on the relevant observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the index closes at or above its initial level on any monthly review date.
At maturity, the payout will be par unless the index finishes below its downside threshold level, in which case investors will lose 1.17647% for each 1% decline beyond 15%.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income autocallable securities
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| Underlying index: | Nasdaq-100 index
|
| Amount: | $10 million
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| Maturity: | June 3, 2024
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| Coupon: | 13.97004%, paid monthly, if the index closes at or above its 85% downside threshold on the relevant observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the index finishes below its downside threshold level, in which case investors will lose 1.17647% for each 1% decline beyond 15%
|
| Call: | Automatically at par if the index closes at or above its initial level on any monthly review date
|
| Initial level: | 13,604.48
|
| Downside threshold: | 11,563.808, 85% of initial level
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| Strike date: | May 24
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| Pricing date: | May 25
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| Settlement date: | May 31
|
| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.1%
|
| Cusip: | 06745MET1
|
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