Published on 6/14/2022 in the Prospect News Structured Products Daily.
New Issue: Barclays sells $500,000 callable contingent coupon notes on Stoxx, Russell, Nasdaq
Chicago, June 14 – Barclays Bank plc priced $500,000 of callable contingent coupon notes due Dec. 6, 2024 linked to the least performing of the Nasdaq-100 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 12% if each underlier closes at or above its coupon barrier, 70% 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.
The payout at maturity will be par unless any underlier finishes below its 70% 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: | Nasdaq-100 index, Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $500,000
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| Maturity: | Dec. 6, 2024
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| Coupon: | 12% annual rate, payable quarterly if each underlier closes at or above coupon barrier on related observation date
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| Price: | Par
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| Call option: | At par plus any coupon due on any quarterly call valuation date
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| 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: | 15,712.04 for Nasdaq, 4,080.15 for Stoxx, and 2,159.31 for Russell
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| Coupon barrier levels: | 10,998.43 for Nasdaq, 2,856.11 for Stoxx and 1,511.52 for Russell, 70% of initial levels
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| Barrier values: | 10,998.43 for Nasdaq, 2,856.11 for Stoxx and 1,511.52 for Russell, 70% of initial levels
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| Pricing date: | Dec. 3, 2021
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| Settlement date: | Dec. 8, 2021
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| Agent: | Barclays
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| Fees: | 0.55%
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| Cusip: | 06748WVR1
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