By Wendy Van Sickle
Columbus, Ohio, July 25 – Barclays Bank plc priced $6.21 million of 0% trigger jump securities with autocallable feature due July 18, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of 11.05% if the index closes above its initial level on any quarterly call date after one year.
If the index finishes at or above its initial level, the payout at maturity will be par plus 55.25%.
If the index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Barclays is the agent, with Morgan Stanley Wealth Management as dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Trigger jump securities with autocallable feature
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| Underlying index: | Euro Stoxx 50
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| Amount: | $6,211,720
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| Maturity: | July 18, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Call: | At par plus an annualized premium of 11.05% if the index closes above its initial level on any quarterly call date after one year
|
| Payout at maturity: | If index finishes at or above initial level, par plus 55.25%; par if index falls by up to 25%; otherwise, investors will lose 1% for each 1% decline from the initial level
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| Initial index level: | 3,454.54
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| Trigger value: | 2,590.905, 75% of initial level
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| Pricing date: | July 13
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| Settlement date: | July 18
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| Agent: | Barclays
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 06746T532
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