Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $1.74 million callable contingent coupon notes on Stoxx, Russell, S&P
Chicago, May 26 – Barclays Bank plc priced $1.75 million of callable contingent coupon notes due Nov. 1, 2024 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at annual rate of 9.5% if each underlier closes at or above its coupon barrier, 75% of its initial level, on the related observation date for that period.
The notes will be callable at par plus any coupon due on any quarterly call valuation date after six months.
The payout at maturity will be par unless any underlier finishes below its 75% barrier, in which case investors will lose 1% for each 1% decline of the worst performing underlier from its initial level.
Barclays is the agent.
| Issuer: | Barclays Bank plc
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| Issue: | Callable contingent coupon notes
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| Underlying indexes: | S&P 500 index, Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $1,740,000
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| Maturity: | Nov. 1, 2024
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| Coupon: | 9.5% annual rate, payable quarterly if each underlier closes at or above coupon barrier on related observation date
|
| Price: | Par
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| Call option: | At par plus any coupon due on any quarterly call valuation date after six months
|
| Payout at maturity: | Par if all indexes close above barrier level; otherwise, 1% for each 1% decline of worse performing underlier from initial level
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| Initial levels: | 4,605.38 for S&P, 4,250.56 for Stoxx, and 2,297.19 for Russell
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| Coupon barrier levels: | 3,454.04 for S&P, 3,187.92 for Stoxx and 1,722.89 for Russell, 75% of initial levels
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| Barrier values: | 3,454.04 for S&P, 3,187.92 for Stoxx and 1,722.89 for Russell, 75% of initial levels
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | Barclays
|
| Fees: | 2%
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| Cusip: | 06748WPH0
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