By William Gullotti
Buffalo, N.Y., Aug. 10 – Barclays Bank plc priced $3.61 million of market-linked securities – autocallable with fixed percentage buffered downside due Aug. 3, 2026 linked to the performance of the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 16.25% annualized call premium if the ETF closes at or above its initial level on any annual observation date.
If the ETF finishes at or above initial level, the payout at maturity will be par plus 48.75%.
Investors will receive par if the ETF declines by no more than 10% and lose 1% for every 1% decline of the ETF beyond 10%.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market linked securities – autocallable with fixed percentage buffered downside
|
| Underlying fund: | VanEck Gold Miners ETF
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| Amount: | $3,611,000
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| Maturity: | Aug. 3, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the ETF finishes at or above initial level, par plus 48.75%; if ETF declines up to 10%, par; otherwise, lose 1% for every 1% decline of ETF beyond 10%
|
| Call: | At plus a 16.25% annualized call premium if the ETF closes at or above its initial level on any annual observation date
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| Initial level: | $30.72
|
| Downside threshold: | $27.648; 90% of initial level
|
| Pricing date: | July 28
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| Settlement date: | Aug. 2
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| Agents: | Wells Fargo Securities, LLC and Barclays Capital Inc.
|
| Fees: | 2.575%
|
| Cusip: | 06745MNG9
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