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Name | Symbol | Market | Type |
---|---|---|---|
iPath Series B S&P 500 VIX ShortTerm Futures ETN | AMEX:VXX | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.49 | -3.70% | 12.75 | 13.03 | 12.72 | 12.77 | 12,913,622 | 20:44:13 |
Filed Pursuant to Rule 433
Registration No. 333-265158
Fact Sheet | August 9, 2022
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AutoCallable Contingent Coupon Notes
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Issuer:
Barclays Bank PLC
Tenor:
Approximately 12 months
Reference Asset:
The S&P 500 Index (Bloomberg ticker: SPX <Index>) (the Reference Asset)
Barrier Value:
70.00% of the Initial Value
Coupon Barrier Value:
70.00% of its Initial Value
Contingent Coupon Amount:
$7.08333 per month (based on 8.50% per annum rate), to be determined on the Initial Valuation Date.
Selected Structure Definitions
Automatic Call:
The notes cannot be redeemed for the first six months after the Issue Date. If, on any Call Valuation Date, the Closing Value of the Reference Asset is greater than or equal to the 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 Coupons and Unpaid Coupon Amounts:
If the Closing Value of each Reference Asset on an Observation Date is greater than or equal to its respective Coupon Barrier Value, a Contingent Coupon will become payable on the related Contingent Coupon Payment Date.
If a Contingent Coupon does not become payable with respect to an Observation Date (i.e., because the Closing Value of any Reference Asset on such Observation Date is less than its respective Coupon Barrier Value), the Contingent Coupon that would have otherwise been payable with respect to such Observation Date will become an Unpaid Coupon Amount
On each Contingent Coupon Payment Date, if a Contingent Coupon is payable on such date, you will receive:
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the Contingent Coupon that is payable on such Contingent Coupon Payment Date; plus
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any Unpaid Coupon Amounts that have not already been paid on a previous Contingent Coupon Payment Date
If a Contingent Coupon is not payable with respect to an Observation Date, you will not receive a Contingent Coupon on the related Contingent Coupon Payment Date, nor will you receive any Unpaid Coupon Amounts that accrued on any prior Observation Date
Payment at Maturity:
If the Notes are 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 and/or Unpaid Coupon Amounts that may be payable on such date) equal to:
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If the Final Value of the Reference Asset is greater than or equal to the Barrier Value, $1,000 per $1,000 principal amount note
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If the Final Value of the Reference Asset is less than the Barrier Value, an amount calculated as follows:
$1,000 + [$1,000 × Reference Asset Return of the Reference Asset]
If the Final Value of the Reference Asset is less than the Barrier Value, you will be fully exposed to the decline of the Reference Asset from the Initial Value. You may lose up to 100.00% of the principal amount of your notes at maturity.
Redemption Price:
$1,000 per $1,000 principal amount note that you hold, plus (i) the Contingent Coupon that will otherwise be payable on the Call Settlement Date and (ii) any Unpaid Coupon Amounts that have accrued but have not yet been paid.
All terms that are not defined in this fact sheet shall have the meanings set forth in the accompanying preliminary pricing supplement dated August 8, 2022 (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:
06748XMM0 / US06748XMM01
Initial Value:
The Closing Value of the Reference Asset on the Initial Valuation Date.
Final Value:
The Closing Value of the Reference Asset on the Final Valuation Date.
Initial Valuation Date:
August 8, 2022
Issue Date:
August 11, 2022
Final Valuation Date:
August 9, 2023
Maturity Date:
August 14, 2023
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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1 Year iPath Series B S&P 500 V... Chart |
1 Month iPath Series B S&P 500 V... Chart |
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