By William Gullotti
Buffalo, N.Y., March 7 – Barclays Bank plc priced $2.74 million of 0% market-linked securities – autocallable with leveraged upside participation and contingent downside due Feb. 26, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus an 11% call premium if the index closes at or above its initial level on Feb. 26, 2025.
If the notes are not called, the payout at maturity will be par plus 150% of any index gain.
If any index falls by up to 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
Wells Fargo Securities, LLC and Barclays Capital Inc. are the agents.
| Issuer: | Barclays Bank plc.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and contingent downside
|
| Underlying index: | Russell 2000 index
|
| Amount: | $2,742,000
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| Maturity: | Feb. 26, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% times any gain of index; if index falls but finishes at or above threshold level, par; otherwise, 1% loss for every 1% decline of the index from its initial level
|
| Call: | Automatically at par plus an 11% call premium if the index closes at or above initial level on Feb. 26, 2025
|
| Initial level: | 1,994.743
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| Threshold level: | 1,496.05725; 75% of initial level
|
| Pricing date: | Feb. 21
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| Settlement date: | Feb. 26
|
| Agent: | Barclays Capital Inc. and Wells Fargo Securities LLC
|
| Fees: | 2.575%
|
| Cusip: | 06745PT50
|
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