Chicago, Feb. 1 – Barclays Bank plc priced $1.17 million of autocallable contingent interest notes due Jan. 15, 2026 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 9.2% if the stock closes at or above its coupon trigger level, 70% of the initial price, on the determination date for that period. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.
The notes will be called at par plus the contingent coupon if the shares close at or above the initial share price on any quarterly determination date.
The payout at maturity will be par plus the final coupon unless the stock finishes below its 70% trigger level, in which case investors will have full exposure to the decline in the stock.
Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acting as placement agents.
Issuer: | Barclays Bank plc
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Issue: | Autocallable contingent interest notes
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Underlying stock: | Walt Disney Co.
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Amount: | $1,170,000
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Maturity: | Jan. 15, 2026
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Coupon: | 9.2% per year, payable quarterly if shares close at or above coupon trigger level on a related determination date; coupon payment events will automatically include any previously unpaid coupons
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Price: | Par
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Payout at maturity: | Par plus final coupon unless the stock finishes below its trigger level, in which case full exposure to loss
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Call: | At par plus contingent coupon if shares close at or above initial share price on any quarterly determination date
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Initial share price: | $89.67
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Coupon trigger level: | $62.77; 70% of initial share price
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Trigger level: | $62.77; 70% of initial share price
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Pricing date: | Jan. 9
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Settlement date: | Jan. 12
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Agents: | Barclays with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA acting as placement agents
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Fees: | 1.5%
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Cusip: | 06745PK42
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