New Issue: Barclays prices $2.36 million autocallable contingent coupon notes on two indexes, ETF

By William Gullotti

Buffalo, N.Y., Oct. 13 – Barclays Bank plc priced $2.36 million of autocallable contingent coupon notes due Oct. 15, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Consumer Staples Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.25% if each underlier closes at or above its coupon barrier level, 75% of its initial level, on the review date for that period. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be automatically called at par plus the contingent coupon if each underlier closes at or above its initial level on any quarterly review date after one year.

If the notes have not been called and each underlier finishes at or above its coupon barrier, the payout at maturity will be par plus the final coupon.

If the worst performer finishes below its coupon barrier but at or above its 65% trigger level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying assets:	Russell 2000 index, Nasdaq-100 index, Consumer Staples Select Sector SPDR Fund
Amount:	$2,361,000
Maturity:	Oct. 15, 2026
Coupon:	9.25% annual rate, payable quarterly if each underlier closes at or above coupon barrier level on review date for that period; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	If each underlier finishes at or above coupon barrier level, par plus final coupon; if worst performer finishes below coupon barrier but at or above trigger level, par; otherwise, full exposure to decline of worst performer from initial level
Call:	Automatically at par plus contingent coupon if each underlier closes at or above initial level on any quarterly review date after one year
Initial levels:	$67.41 for ETF, 15,131.52 for Nasdaq, 1,775.946 for Russell
Coupon barriers:	$50.56 for ETF, 11,348.64 for Nasdaq, 1,331.96 for Russell; 75% of initial levels
Trigger levels:	$43.82 for ETF, 9,835.49 for Nasdaq, 1,154.36 for Russell; 65% of initial levels
Pricing date:	Oct. 10
Settlement date:	Oct. 12
Agent:	Barclays
Fees:	3%
Cusip:	06745NNT9

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