By Taylor Fox
New York, Nov. 2 – Barclays Bank plc priced $1 million of 0% contingent barrier notes due April 1, 2022 linked to the common stock of Costco Wholesale Corp. and the class A common stock of Pinterest, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index finishes flat or falls, but finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline from the initial level.
Barclays is the underwriter.
| Issuer: | Barclays Bank plc
|
| Issue: | Contingent barrier notes
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| Underlying stocks: | Costco Wholesale Corp. and Pinterest, Inc.
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| Amount: | $1 million
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| Maturity: | April 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; if index finishes flat or falls but finishes at or above the barrier level, par; otherwise, full exposure to the decline from the initial level
|
| Initial level: | $352.14 for Costco and $40.56 for Pinterest
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| Barrier level: | $211.28 for Costco and $24.34 for Pinterest, 60% of initial level
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Underwriter: | Barclays
|
| Fees: | 0.3%%
|
| Cusip: | 06747QLT2
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