Published on 12/23/2021 in the Prospect News Structured Products Daily.
New Issue: Barclays Bank prices $17.87 million contingent income autocallables linked to indexes
Chicago, Dec. 23 – Barclays Bank plc priced $17.87 million of contingent income autocallable securities due Dec. 21, 2023 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon at an annual rate 7.3%, payable quarterly, if all three indexes close above 70% of their initial levels on a related determination date.
The securities will be called automatically at par if all three indexes close above their initial levels on any quarterly determination date.
At maturity the payout will be par unless any index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of the worst-performing asset.
Barclays Capital Inc. is the agent. Morgan Stanley Wealth Management is a distributor.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $17,867,000
|
| Maturity: | Dec. 21, 2023
|
| Coupon: | 7.3% annual rate, payable if all indexes close above threshold level on related determination date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
|
| Call: | Automatically at par if all three indexes close above their initial levels on any quarterly determination date
|
| Initial levels: | 15,801.46 for Nasdaq, 2,173.931 for Russell, 4,620.64 for S&P
|
| Downside thresholds: | 11,061.022 for Nasdaq, 1,521.752 for Russell, 3,234.448 for S&P, 70% of initial levels
|
| Pricing date: | Dec. 17
|
| Settlement date: | Dec. 22
|
| Agent: | Barclays
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2%
|
| Cusip: | 06748WXV0
|
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