New Issue: Barclays prices $5.58 million 7.9% buffered autocallable fixed-coupon notes on Nasdaq

By William Gullotti

Buffalo, N.Y., June 28 – Barclays Bank plc priced $5.58 million of buffered autocallable fixed-coupon notes due Dec. 26, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual coupon at an annual rate of 7.9%.

The notes will be automatically called at par plus the coupon if the index closes at or above its initial level on any semiannual valuation date.

If the notes are not called and the index finishes at or above 75% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.333333% for each 1% decline of the index beyond the 25% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable fixed-coupon notes
Underlying index:	Nasdaq-100 index
Amount:	$5,584,000
Maturity:	Dec. 26, 2024
Coupon:	7.9% annually, paid semiannually
Price:	Par
Payout at maturity:	Par plus final coupon unless the index finishes below buffer level, in which case 1.333333% loss for each 1% decline of the index beyond 25%
Call:	At par plus coupon if the index closes at or above initial level on any semiannual valuation date
Initial level:	15,070.15
Buffer level:	11,302.61; 75% of initial level
Strike date:	June 20
Pricing date:	June 22
Settlement date:	June 27
Agent:	Barclays
Fees:	0.525%
Cusip:	06745MKU1

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