By Taylor Fox
New York, Nov. 16 – Barclays Bank plc priced $350,000 0% autocallable contingent barrier notes due Oct. 27, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at $1,101 per $1,000 of notes if the index closes above its initial level on the Nov. 5, 2021 review date.
The payout at maturity will be par plus the return of the index if the index finishes above its initial level.
If the index declines, but not more than 15%, the payout will be par.
Otherwise, investor will be full exposed to the decline of the index.
Barclays Bank plc is the agent. JP Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.
| Issuer: | Barclays Bank plc
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| Guarantor: | Barclays Bank plc
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| Issue: | Autocallable contingent interest notes
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| Underlying index: | S&P 500 index
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| Amount: | $350,000
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| Maturity: | Oct. 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus return of index if index finishes positive; par if index declines but not beyond barrier value; otherwise full exposure to losses of index
|
| Call: | Automatically called at $1,101 per $1,000 of notes if the index closes above its initial level on the Nov. 5, 2021 review date
|
| Initial price: | 3,465.39
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| Final barrier price: | 2,945.58, 85% of initial price
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| Pricing date: | Oct. 23
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| Settlement date: | Oct. 28
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| Agent: | Barlcays
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| Placement agents: | JP Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5%
|
| Cusip: | 06747QN78
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