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Barclays plans to price callable contingent coupon notes on Nasdaq, Russell, ETF
By Emma Trincal
New York, Aug. 7 – Barclays Bank plc plans to price callable contingent coupon notes due Aug. 13, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent monthly coupon at an annualized rate of 10.5% if each underlier closes at or above its coupon barrier level, 65% of its initial level, on the valuation date for that period.
The notes are callable at par monthly after three months.
If each underlier finishes at or above its 65% final barrier, the payout at maturity will be par. Otherwise, investors will be fully exposed to the least performing underlier’s decline from its initial level.
Barclays is the agent.
The notes will price on Aug. 10 and settle on Aug. 15.
The Cusip number is 06745N4P8.
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