New York, June 23 – Barclays Bank plc priced $11.93 million of contingent income autocallable securities due June 22, 2026 linked to the Shopify Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Sept. 18 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date.
At maturity the payout will be par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline of the stock.
Barclays is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent income autocallable securities
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| Underlying stock: | Shopify Inc. (Ticker: SHOP)
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| Amount: | $11,934,000
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| Maturity: | June 22, 2026
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| Coupon: | 18% if the underlying stock closes at or above its 50% downside threshold on the related quarterly observation date
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| Price: | Par
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| 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
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| Call: | Automatically starting Sept. 18 at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent quarterly review date
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| Initial levels: | $64.71
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| Downside thresholds: | $32.355,50% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agent: | Barclays
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| Selected dealer: | Morgan Stanley Wealth Management
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| Fees: | 1.75%
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| Cusip: | 06745MJH2
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