New Issue: Barclays prices $575,000 buffered autocallable notes on S&P 500

Chicago, Sept. 26 – Barclays Bank plc priced $575,000 of buffered autocallable notes due Sept. 24, 2027 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an 8% call premium if the index closes at or above its initial level on Sept. 25, 2023.

If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return.

If the index declines but finishes at or above the 80% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable notes
Underlying index:	S&P 500 index
Amount:	$575,000
Maturity:	Sept. 24, 2027
Contingent coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or positive, the payout at maturity will be par 1.5 times plus the return of the index; if the index declines but finishes at or above buffer level, par; otherwise, 1% loss for each 1% decline of the index beyond the buffer
Call:	Automatically at par plus an 8% call premium if the index closes at or above its initial level on Sept. 25, 2023
Initial level:	3,789.93
Buffer level:	3,031.94; 80% of initial level
Pricing date:	Sept. 21, 2022
Settlement date:	Sept. 26, 2022
Agent:	Barclays
Fees:	3.75%
Cusip:	06748XUM1

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.