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Published on 4/21/2024 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $510,000 autocallable fixed coupon notes on three stocks

Chicago, April 22 – Barclays Bank plc priced $510,000 of 13.75% autocallable fixed coupon notes due Jan. 28, 2027 linked to the least performing of the common stocks of Atlassian Corp. plc, Uber Technologies, Inc. and the American Depositary Shares of PDD Holdings Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid monthly.

The notes will be called at par plus the coupon if each stock closes at or above its initial level on any monthly review date after six months.

The payout at maturity will be par plus the final coupon unless any stock finishes below its 50% trigger value, in which case investors will lose 1% for each 1% decline from the worst performer’s initial level.

Barclays is the agent.

Issuer:Barclays Bank plc
Issue:Autocallable fixed coupon notes
Underlying stocks:Atlassian Corp. plc, Uber Technologies, Inc. and PDD Holdings Inc.
Amount:$510,000
Maturity:Jan. 28, 2027
Coupon:13.75% per annum, paid monthly
Price:Par
Payout at maturity:Par plus any coupon unless any stock finishes below trigger level, in which case 1% loss for each 1% decline of least performing stock from initial level
Call:Automatically at par plus coupon if each stock closes at or above initial level on any monthly review date after six months
Initial levels:$64.32 for Uber, $248.45 for Atlassian, $140.90 for PDD
Trigger levels:$32.16 for Uber, $124.22 for Atlassian, $70.45 for PDD; 50% of initial levels
Pricing date:Jan. 23
Settlement date:Jan. 26
Agent:Barclays
Fees:3.25%
Cusip:06745PKA8

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