New Issue: Barclays sells $225,000 autocallable contingent coupon notes on Hasbro, Mattel

By Kiku Steinfeld

Chicago, Aug. 15 – Barclays Bank plc priced $225,000 of autocallable contingent coupon notes due Jan. 16, 2025 linked to the worst performing of the stocks of Hasbro, Inc. and Mattel, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 9% if each stock closes at or above its coupon barrier level, 65% of its initial level, on the related observation date, in which case any previously unpaid coupons will also be paid.

The notes will be automatically called at par plus coupon if each stock closes at or above its initial level on any quarterly call observation date.

If the notes are not called and each stock finishes at or above its final barrier price, 65% of its initial share price, the payout at maturity will be par plus the final coupon. Otherwise, investors will be exposed to the laggard stock’s decline from its initial level, payable as cash or a number of shares of the worst performer equal to $1,000 divided by that stock’s initial share price at the issuer’s option.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon notes
Underlying stocks:	Hasbro, Inc. and Mattel, Inc.
Amount:	$225,000
Maturity:	Jan. 16, 2025
Contingent coupon:	9% per year, payable quarterly plus any previously unpaid coupons if each stock closes at or above coupon barrier related observation date
Price:	Par
Payout at maturity:	If each stock finishes at or above its final barrier price, par plus the final coupon; otherwise, investors will be exposed to the laggard stock’s decline from its initial level, payable as shares equal to that stock’s equity ratio or the cash equivalent at the issuer’s option
Call:	Automatically at par plus coupon if each stock closes at or above its initial level on any quarterly call observation date
Initial levels:	$102.71 for Hasbro, $21.99 for Mattel
Coupon barriers:	$66.76 for Hasbro, $14.29 for Mattel; 65% of initial levels
Final barriers:	$66.76 for Hasbro, $14.29 for Mattel; 65% of initial levels
Equity ratios:	9.73615 for Hasbro, 45.47522 for Mattel; shares per note
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	Barclays
Fees:	2.5%
Cusip:	06741WS43

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