Published on 10/25/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $400,000 leveraged buffered autocallable notes on Nasdaq, Russell
By Kiku Steinfeld
Chicago, Oct. 25 – Barclays Bank plc priced $400,000 of 0% leveraged buffered autocallable notes due Oct. 17, 2024 linked to the lesser performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 8.5% if each index closes at or above its initial level on Oct. 13, 2022.
If the notes are not called and the worst performer finishes above its initial level, the payout at maturity will be par plus 1.25 times the gain in the worst performer.
If the least performing index finishes flat or falls by no more than 15% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Buffered autocallable notes
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| Underliers: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $400,000
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| Maturity: | Oct. 17, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times return of worst performer if each index gains; par if worst performing index finishes flat or falls by no more than 15%; 1% loss for each 1% decline of worst performer beyond 15%
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| Call: | At par plus 8.5% if each index closes at or above its initial level on Oct. 13, 2022
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| Initial levels: | 14,774.60 for Nasdaq, 2,241.97 for Russell
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| Coupon barriers: | 12,558.41 for Nasdaq, 1,905.67 for Russell; 85% of initial levels
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| Buffer levels: | 12,558.41 for Nasdaq, 1,905.67 for Russell; 85% of initial levels
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | Barclays
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| Fees: | 2.85%
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| Cusip: | 06748WN33
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