Chicago, July 17 – Barclays Bank plc priced $2.72 million of phoenix autocallable notes due July 6, 2026 linked to the class A common stock of Meta Platforms, Inc., according to a 424B2 filing with Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 19.55% if the stock closes at or above its 80% coupon barrier on a related observation date.
The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any quarterly observation date.
If the notes are not called and the stock finishes at or above its final barrier price, 80% of its initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will be fully exposed to the decline.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Phoenix autocallable notes
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| Underlying stock: | Meta Platforms, Inc.
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| Amount: | $2,724,000
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| Maturity: | July 6, 2026
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| Coupon: | 19.55% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
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| Price: | Par
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| Payout at maturity: | Par plus final coupon unless underlying stock finishes below final barrier, in which case full exposure to decline from initial level
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| Call: | At par plus contingent coupon if underlying stock closes at or above initial level on any quarterly observation date
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| Initial level: | $294.10
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| Coupon barrier: | $235.28; 80% of initial level
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| Final barrier level: | $235.28; 80% of initial level
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| Pricing date: | July 10
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| Settlement date: | July 13
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| Agent: | Barclays
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| Fees: | 2%
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| Cusip: | 06745MQS0
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