By Wendy Van Sickle
Columbus, Ohio, Dec. 3 – Barclays Bank plc priced $951,000 autocallable notes due Nov. 28, 2025 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 5.25% if index closes at or above the call level on any annual call date.
The call level will be 101% of the initial level on the first call review date, stepping up by 100 basis points on each subsequent call review date.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autocallable notes
|
| Underlying index: | Barclays Trailblazer Sectors 5
|
| Amount: | $951,000
|
| Maturity: | Nov. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus an annual call premium of 5.25% if index closes at or above its call level on any annual review date
|
| Payout at maturity: | Par plus any index gain, floor of par
|
| Initial level: | 183.1647
|
| Call level: | 101% of the initial level for first review date, stepping up by 100 bps on each subsequent call review date up to 106% on sixth date
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Barclays
|
| Fees: | 4.25%
|
| Cusip: | 06746XXU2
|
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