Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
19 Julio 2024 - 8:21PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Registartion Statement No. 333-265158
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Fact Sheet | July 19, 2024
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Phoenix AutoCallable Notes |
Issuer: |
Barclays Bank PLC |
Tenor: |
Approximately 5 years |
Reference Assets: |
The S&P 500 Index (Bloomberg ticker: “SPX <Index>”), the Russell 2000 Index (Bloomberg ticker: “RTY <Index>”) and the Nasdaq-100 Index (Bloomberg ticker: “NDX <Index>”) (each, a 'Reference Asset') |
Barrier Value: |
For each Reference Asset, 65.00% of its Initial Value |
Coupon Barrier Value: |
For each Reference Asset, 75.00% of its Initial Value |
Contingent Coupon Amount: |
$17.125 per quarter (based on 6.85% per annum rate), to be determined on the Initial Valuation Date. |
Selected Structure Definitions |
Automatic Call: |
The notes cannot be redeemed for approximately the first year after the Issue Date. If, on any Call Valuation Date, the Closing Value of each Reference Asset is greater than or equal to its Call Value, the notes will be automatically redeemed and you will receive a cash payment per $1,000 principal amount of notes on the related Call Settlement Date equal to the Redemption Price. No further amounts will be payable on the notes after the Call Settlement Date. |
Contingent Coupon: |
If, on any Observation Date, the Closing Value of each Reference Asset is greater than or equal to its Coupon Barrier Value, you will receive a Contingent Coupon equal to the Contingent Coupon Amount on the related Contingent Coupon Payment Date. Otherwise, you will not receive a Contingent Coupon on such date. |
Payment at Maturity: |
If the Notes are not redeemed prior to scheduled
maturity, and if you hold the Notes to maturity, you will receive on the Maturity Date a cash payment per $1,000 principal amount of notes
(in addition to any Contingent Coupon that may be payable on such date) equal to:
·
If the Final Value of the Least Performing Reference Asset is greater than or equal to its Barrier Value, $1,000 per $1,000 principal
amount note
·
If the Final Value of the Least Performing Reference Asset is less than its Barrier Value, an amount calculated as follows:
$1,000 + [$1,000 × Reference Asset Return of
the Least Performing Reference Asset]
If the Final Value of the Least Performing
Reference Asset is less than its Barrier Value, you will be fully exposed to the decline of the Least Performing Reference Asset from
its Initial Value. You may lose up to 100.00% of the principal amount of your notes at maturity.
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Redemption Price: |
$1,000 per $1,000 principal amount note that you hold, plus the Contingent Coupon that will otherwise be payable on the Call Settlement Date. |
All terms that are not defined in this fact sheet shall
have the meanings set forth in the accompanying preliminary pricing supplement dated July 17, 2024 (the 'Pricing Supplement'). All terms
set forth or defined herein, including all prices, levels, values and dates, are subject to adjustment as described in the accompanying
Pricing Supplement. In the event that any of the terms set forth or defined in this fact sheet conflict with the terms as described in
the accompanying Pricing Supplement, the terms described in the accompanying Pricing Supplement shall control.
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Hypothetical Payment at Maturity
CUSIP / ISIN: |
06745UJ27 / US06745UJ276 |
Initial Value: |
The Closing Value of the Reference Assets on the Initial Valuation Date. |
Final Value: |
The Closing Value of the Reference Assets on the Final Valuation Date. |
Initial Valuation Date: |
July 24, 2024 |
Issue Date: |
July 29, 2024 |
Final Valuation Date: |
April 24, 2029 |
Maturity Date: |
April 27, 2029 |
The notes are not suitable for all investors. You
should read carefully the accompanying Pricing Supplement (together with all documents incorporated by reference therein) for more information
on the risks associated with investing in the notes. Any payment on the notes, including any repayment of principal, is not guaranteed
by any third party and is subject to (a) the creditworthiness of Barclays Bank PLC and (b) the risk of exercise of any U.K. Bail-in Power,
as further described in the accompanying Pricing Supplement.
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Fact Sheet | July 19, 2024
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Phoenix AutoCallable Notes |
Summary Characteristics of the Notes
· Commissions—Barclays
Capital Inc. will receive commissions from the Issuer of up to 3.60% of the principal amount of the notes, or up to $36.00 per $1,000
principal amount. Please see the accompanying Pricing Supplement for additional information about selling concessions, commissions and
fees.
· Estimated
Value Lower Than Issue Price—Our estimated value of the notes on the Initial Valuation Date is expected to be between $920.70 and
$950.70 per Note. Please see “Additional Information Regarding Our Estimated Value Of The Notes” in the accompanying Pricing
Supplement for more information.
· Potential
for Significant Loss—The notes differ from ordinary debt securities in that the Issuer will not necessarily repay the full principal
amount of the notes at maturity. You may lose some or all of your principal if the notes are not redeemed, and the Final Value of any
Reference Asset is less than its Barrier Value. You may lose up to 100.00% of your principal amount.
· Potential
Return is Limited to the Contingent Coupons, if Any—The potential positive return you may receive on the notes is limited to the
Contingent Coupons, if any, that may be payable during the term of the notes. It is possible that you will not receive any Contingent
Coupons during the term of the notes.
· Early
Redemption and Reinvestment Risk—If the notes are redeemed, you will not receive any additional payments on the notes and you may
not be able to reinvest any amounts received in a comparable investment with a similar level of risk and yield.
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Summary Risk Considerations
· Credit
of Issuer—The notes are unsecured and unsubordinated debt obligations of the Issuer and are not, either directly or indirectly,
an obligation of any third party. In the event the Issuer were to default on its obligations, you may not receive any amounts owed to
you, including any repayment of principal, under the terms of the notes.
· U.K.
Bail-In Power—Each holder and beneficial owner of notes acknowledges, accepts, and agrees to be bound by, and consents to the exercise
of, any U.K. Bail-in Power by the relevant U.K. resolution authority, which may be exercised so as to result in you losing all or a part
of the value of your investment in the notes or receiving a different security from the notes that is worth significantly less than the
notes. Please see “Consent to U.K. Bail-In Power” in the accompanying Pricing Supplement for more information.
· Historical
Performance—The historical performance of the Reference Assets is not an indication of the future performance of the Reference Assets
over the term of the notes.
· Conflict
of Interest—In connection with our normal business activities and in connection with hedging our obligations under the notes, we
and our affiliates play a variety of roles in connection with the notes, including acting as calculation agent and as a market-maker for
the notes. In each of these roles, our and our affiliates’ economic interests may be adverse to your interests as an investor in
the notes.
· Lack
of Liquidity—The notes will not be listed on any securities exchange. There may be no secondary market for the notes or, if there
is a secondary market, there may be insufficient liquidity to allow you to sell the notes easily.
· Tax
Treatment—Significant aspects of the tax treatment of the notes are uncertain. You should consult your tax advisor about your tax
situation.
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In addition to the summary risks and characteristics
of the notes discussed under the headings above, you should carefully consider the risks discussed under the heading “Selected Risk
Considerations” in the accompanying Pricing Supplement and under the heading “Risk Factors” in the accompanying prospectus
supplement.
Other Information
This fact sheet is a general summary of the terms
and conditions of this offering of notes. The Issuer has filed a registration statement (including a prospectus) with the U.S. Securities
and Exchange Commission (the “SEC”) for this offering of notes. Before you invest, you should read carefully the full description
of the terms and conditions of, and risks associated with investing in, the notes contained in the Pricing Supplement as well as the information
contained in the accompanying prospectus supplement and prospectus that are incorporated by reference in the Pricing Supplement. The Pricing
Supplement, as filed with the SEC, is available at the following hyperlink:
https://www.sec.gov/Archives/edgar/data/312070/000148105724009474/form424b2.htm
You may access the prospectus supplement and prospectus
that are incorporated by reference in the Pricing Supplement by clicking on the respective hyperlink for each document included in the
Pricing Supplement under the heading “Additional Documents Related To The Offering Of The Notes,” or by requesting such documents
from the Issuer or any underwriter or dealer participating in this offering. We strongly advise you to carefully read these documents
before investing in the notes.
You may revoke your offer to purchase the notes
at any time prior to the Initial Valuation Date. We reserve the right to change the terms of, or reject any offer to purchase, the notes
prior to the Initial Valuation Date. In the event of any changes to the terms of the notes, we will notify you and you will be asked to
accept such changes in connection with your purchase of the notes. You may choose to reject such changes, in which case we may reject
your offer to purchase the notes.
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