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Published on 5/5/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $1.32 million callable contingent coupon notes on Russell, Nasdaq, S&P

By Kiku Steinfeld

Chicago, May 5 – Barclays Bank plc priced $1.32 million of callable contingent coupon notes due Jan. 19, 2024 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annualized rate of 5.75% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related observation date.

The notes will be callable in whole at par plus any coupon due on any monthly valuation date after six months.

If the notes are not redeemed early, the payout at maturity will be par plus any final coupon unless any index finishes below 60% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Callable contingent coupon notes
Underlying indexes:Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:$1,314,000.
Maturity:Jan. 19, 2024
Contingent coupon:5.75% per year, payable monthly if each index closes at or above coupon barrier on the observation date for that period
Price:Par
Payout at maturity:Par plus any coupon unless any index finishes below final barrier, in which case full exposure to any decline in least performing index
Call option:In whole at par plus any coupon due on any monthly call date after six months
Initial levels:14,041.91 for Nasdaq, 2,262.67 for Russell, 4,185.47 for S&P
Coupon barriers:9,829.34 for Nasdaq, 1,583.87 for Russell, 2,929.83 for S&P; 70% of initial levels
Final barriers:8,425.15 for Nasdaq, 1,357.60 for Russell, 2,511.28 for S&P; 60% of initial levels
Pricing date:April 16
Settlement date:April 21
Agent:Barclays
Fees:2.55%
Cusip:06748EH55

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