By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – Barclays Bank plc priced $150,000 of autocallable buffered range accrual notes due May 30, 2025 linked to the Russell 2000 index and the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will accrue at 5.1% for each day that each asset closes at or above the 80% barrier level. Interest will be payable monthly.
The payout at maturity will be par unless the laggard asset falls by more 20%, and investors will be exposed to any losses of the lesser-performing asset beyond 20%.
The notes will be called at par plus the coupon if each asset closes at or above its initial level on any quarterly observation date after one year.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Autoallable buffered range accrual notes
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| Underlying assets: | Russell 2000 and Financial Select Sector SPDR Fund
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| Amount: | $150,000
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| Maturity: | May 30, 2025
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| Coupon: | 5.1% times proportion of days on which each asset closes at or above coupon barrier level; payable monthly
|
| Price: | Par
|
| Payout at maturity: | Par if lesser-performing asset falls by up to 20%; exposure to losses of laggard asset beyond 20% buffer
|
| Call: | At par plus coupon if each asset closes at or above initial level on any quarterly observation date after one year
|
| Initial levels: | 1,513.31 for Russell and $26.20 for fund
|
| Barrier levels: | 1,210.65 for Russell and $20.96 for fund; 80% of initial levels
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| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | Barclays
|
| Fees: | 4.25%
|
| Cusip: | 06744CKU4
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