New Issue: Barclays sells $3.58 million buffered autocallable contingent coupon notes on stocks

By Wendy Van Sickle

Columbus, Ohio, April 3 – Barclays Bank plc priced $3.58 million of buffered autocallable contingent coupon notes due March 23, 2027 linked to the stock performance of Freeport-McMoRan Inc., Albemarle Corp. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of at a 11.85% annualized rate if each stock closes at or above its 50% coupon barrier value on the related observation date. Previously unpaid coupons, if any, will be automatically included whenever a coupon is paid.

The notes will be called automatically at par plus the coupon if each stock closes at or above its initial level on any quarterly call observation date after one year.

The payout at maturity will be par plus the final coupon if each stock finishes at or above 50% of initial level.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 50%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable contingent coupon notes
Underlying stocks:	Freeport-McMoRan Inc., Albemarle Corp. and Tesla, Inc.
Amount:	$3,578,000
Maturity:	March 23, 2027
Contingent coupon:	11.85% annual rate, payable monthly if each stock closes at or above coupon barrier level on related observation date; coupon payment events will automatically include any previously unpaid coupons
Price:	Par
Payout at maturity:	Par plus final coupon unless a stock finishes below buffer level, in which case 1% loss for each 1% decline of the worst performer beyond the buffer
Call:	At par plus coupon if each stock closes at or above initial level on any quarterly observation date after one year
Initial levels:	$44.48 for Freeport-McMoRan, $124.58 for Albemarle, $173.80 for Tesla
Coupon barrier levels:	$22.24 for Freeport-McMoRan, $62.29 for Albemarle, $86.90 for Tesla; 50% of initial levels
Buffer levels:	$22.24 for Freeport-McMoRan, $62.29 for Albemarle, $86.90 for Tesla; 50% of initial levels
Pricing date:	March 18
Settlement date:	March 21
Agent:	Barclays
Fees:	0.75%
Cusip:	06745QBW8

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