By Susanna Moon
Chicago, March 10 – Barclays Bank plc priced $1 million of 0% phoenix autocallable notes due March 8, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 10.25% if the index closes at or above its coupon barrier, 75% of its initial level, on the observation date for that quarter.
The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any observation date beginning with the second date.
The payout at maturity will be par plus the contingent coupon unless the index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Phoenix autocallable notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | March 8, 2022
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| Coupon: | 10.25% per year, payable quarterly if index closes at or above 75% coupon barrier on observation date for that quarter
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| Price: | Par
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| Payout at maturity: | Par plus the contingent coupon unless index finishes below its 75% barrier level, in which case investors will be fully exposed to any losses
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| Call: | At par plus the contingent coupon if index closes at or above its initial level on any observation date beginning with the second date
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| Initial level: | 3,403.39
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| Barrier levels: | 2,552.54, 75% of initial level
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| Pricing date: | March 3
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| Settlement date: | March 8
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| Agent: | Barclays
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| Fees: | None
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| Cusip: | 06741VLQ3
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