By Wendy Van Sickle
Columbus, Ohio, Dec. 18 – Barclays Bank plc priced $10.81 million of 0% market-linked securities — autocallable with fixed-percentage buffered downside due Dec. 23, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 4.55% if the index closes at or above its initial level on any annual observation date.
If the index finishes above the initial level, the payout at maturity will be par plus 27.3%.
The payout will be par if the index falls by up to 15%.
Investors will be fully exposed to any index decline beyond 15%.
Barclays Capital Inc. and Wells Fargo Securities, LLC are the agents.
| Issuer: | Barclays Bank plc
|
| Issue: | Market-linked securities — autocallable with fixed-percentage buffered downside
|
| Underlying index: | S&P 500
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| Amount: | $10,811,000
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| Maturity: | Dec. 23, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes above the initial level, par plus 27.3%; par if index falls by up to 15%; exposure to losses beyond 15%
|
| Call: | Automatically at par plus an annual call premium of 4.55% if the index closes at or above its initial level on any annual observation date
|
| Initial level: | 3,701.17
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| Buffer level: | 3,145.9945, 85% of initial level
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| Pricing date: | Dec. 16
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| Settlement date: | Dec. 21
|
| Agents: | Barclays Capital Inc. and Wells Fargo Securities, LLC
|
| Fees: | 2.825%
|
| Cusip: | 06747QSN8
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