By Wendy Van Sickle
Columbus, Ohio, Nov. 22 – Barclays Bank plc priced $12.82 million of contingent income autocallable securities due Nov. 20, 2026 linked to the class A common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.75% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity the payout will be par unless the stock closes below its 50% downside threshold level in which case investors will be fully exposed to the decline of the stock.
Barclays and Morgan Stanley Wealth Management are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income autocallable securities
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| Underlying stock: | Nvidia Corp. (Ticker: NVDA)
|
| Amount: | $12,819,000
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| Maturity: | Nov. 20, 2026
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| Coupon: | 12.75% annual rate, if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the stock
|
| Call: | Automatically starting Feb. 12, 2024 at par if the price of the underlying stock is greater than or equal to its initial price on any quarterly review date
|
| Initial level: | $492.98
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| Downside threshold: | $246.49, 50% of initial level
|
| Pricing date: | Nov. 17
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| Settlement date: | Nov. 22
|
| Agents: | Barclays and Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 06745NYG5
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