By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – Barclays Bank plc priced $2.21 million of phoenix autocallable notes due Oct. 7, 2026 linked to the least performing of the ARK Innovation ETF and the SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 14.5% if each underlier closes at or above its 60% coupon barrier on a related observation date.
The notes will be called at par plus the contingent coupon if each underlier closes at or above its initial level on any monthly call observation date after six months.
The payout at maturity will be par plus the final coupon if each underlier finishes at or above its coupon barrier.
If the worst performer finishes below its coupon barrier but at or above 50% of its initial value, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Phoenix autocallable notes
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| Underlying assets: | ARK Innovation Fund, SPDR S&P Biotech ETF
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| Amount: | $2,205,000
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| Maturity: | Oct. 7, 2026
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| Coupon: | 14.5% annualized, payable monthly if each underlier 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 if each underlier finishes at or above its coupon barrier; if worst performer finishes below its coupon barrier but at or above its final barrier, par; otherwise, 1% loss for each 1% decline of the worst performer from initial level
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| Call: | Automatically at par plus contingent coupon if each underlier closes at or above initial level on any monthly call observation date after six months
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| Initial levels: | $39.04 for ARK Innovation, $70.65 for SPDR S&P Biotech
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| Coupon barriers: | $42.39 for ARK Innovation, $42.39 for SPDR S&P Biotech; 60% of initial levels
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| Final barriers: | $19.52 for ARK Innovation, $35.33 for SPDR S&P Biotech; 50% of initial levels
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| Pricing date: | Oct. 2
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| Settlement date: | Oct. 5
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| Agent: | Barclays
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| Fees: | 0.8%
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| Cusip: | 06745NN69
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