New Issue: Barclays prices $1.25 million 10.2% callable fixed-coupon notes on stocks

By Kiku Steinfeld

Chicago, June 28 – Barclays Bank plc priced $1.25 million of callable fixed-coupon notes due June 19, 2024 linked to the common stocks of Home Depot, Inc., Tesla, Inc., Netflix, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is 10.2% per year and payable quarterly.

The notes are callable at par on any quarterly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless any stock finishes below its barrier level, 50% of its initial level, in which case investors will lose 1% for each 1% decline of the lesser performing stock from its initial level.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable fixed-coupon notes
Underlying stocks:	Home Depot, Inc., Tesla, Inc., Netflix, Inc. and Microsoft Corp.
Amount:	$1,250,000
Maturity:	June 19, 2024
Coupon:	10.2%, payable quarterly
Price:	Par
Call option:	At par on any quarterly call valuation date after six months
Payout at maturity:	Par unless any stock finishes below its barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing stock from its initial level
Initial levels:	$259.89 for Microsoft, $309.32 for Home Depot, $617.69 for Tesla
Barrier levels:	$129.94 for Microsoft, $154.66 for Home Depot, $308.84 for Tesla; 50% of initial levels
Pricing date:	June 14
Settlement date:	June 17
Agent:	Barclays
Fees:	0.75%
Cusip:	06748EXF5

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