Published on 7/28/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.43 million callable contingent coupon notes on Nasdaq, Russell, ETF
By Kiku Steinfeld
Chicago, July 28 – Barclays Bank plc priced $1.43 million of callable contingent coupon notes due July 19, 2024 linked to the least performing of the iShares MSCI Emerging Markets ETF, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent monthly coupon at an annual rate of 9% if each underlying closes at or above its barrier level, 70% of its initial level, on the observation date for that monthly period.
The notes are callable on any observation date after three months.
The payout at maturity will be par unless any underlying finishes below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the least-performing underlying from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
|
| Issue: | Callable contingent coupon notes
|
| Underlyings: | iShares MSCI Emerging Markets ETF, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $1.43 million
|
| Maturity: | July 19, 2024
|
| Contingent coupon: | 9% per year, payable monthly if each underlying closes at or above barrier level on observation date for that period
|
| Price: | Par
|
| Payout at maturity: | If each underlying finishes at or above barrier level, par; otherwise, full exposure to losses of least-performing underlying
|
| Call option: | At par on any observation date after three months
|
| Initial levels: | 14,681.38 for Nasdaq, $53.59 for ETF, 2,163.24 for Russell
|
| Coupon levels: | 10,276.97 for Nasdaq, $37.51 for ETF, 1,514.27 for Russell; 70% of initial levels
|
| Final barrier levels: | 10,276.97 for Nasdaq, $37.51 for ETF, 1,514.27 for Russell; 70% of initial levels
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | Barclays
|
| Fees: | 0.6%
|
| Cusip: | 06748W4U4
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
