New York, June 20 – Barclays Bank plc priced $3 million of contingent income autocallable securities due June 18, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a contingent coupon of 10%, paid quarterly, if the index closes at or above its 85% coupon barrier level on every trading day during the observation period.
The securities will be called automatically at par if the index closes at or above its initial level on any quarterly valuation date after six months.
At maturity, the payout will be par unless the index finishes below its 80% downside threshold level, in which case investors will be fully exposed to the decline of the index.
Barclays is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Barclays Bank plc
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| Issue: | Contingent income autocallable securities
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| Underlying index: | Russell 2000 index
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| Amount: | $3 million
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| Maturity: | June 18, 2026
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| Coupon: | 10%, paid quarterly, if the index closes at or above its 85% coupon barrier level on every trading day during the observation period
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the index
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| Call: | Automatically at par if the index closes at or above its initial level on any quarterly valuation date after six months
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| Initial level: | 1,874.098
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| Downside threshold: | 1,499.278, 80% of initial level
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| Coupon barrier level: | 1,592.983, 85% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 20
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| Agent: | Barclays
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 06745MJN9
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