New Issue: Barclays sells $500,000 notes linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – Barclays Bank plc priced $500,000 of notes due Oct. 14, 2021 linked to the worst performing of the stocks of Intel Corp., PayPal Holdings, Inc. and Peloton Interactive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at an annualized rate of 24.5% if each stock closes at or above its coupon barrier level, 70% of its initial share price, on the valuation date for that quarter.

If each stock finishes at or above its final barrier level, 70% of its initial share price, the payout at maturity will be par plus the coupon. Otherwise, investors will be fully exposed to the decline of the least-performing stock.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Notes
Underlying stocks:	Intel Corp., PayPal Holdings, Inc. and Peloton Interactive, Inc.
Amount:	$500,000
Maturity:	Oct. 14, 2021
Contingent coupon:	24.5% per year, payable quarterly if each stock closes at or above coupon barrier on the valuation date for that period
Price:	Par
Payout at maturity:	If each stock finishes at or above final barrier, par plus coupon; otherwise, full exposure to losses of least-performing stock
Initial share prices:	$51.37 for Intel, $191.66 for PayPal, $111.31 for Peloton
Coupon barriers:	$30.82 for Intel, $115.00 for PayPal and $66.79 for Peloton; 70% of initial share prices
Final barriers:	$30.82 for Intel, $115.00 for PayPal and $66.79 for Peloton; 70% of initial share prices
Pricing date:	Oct. 7
Settlement date:	Oct. 13
Underwriter:	Barclays
Fees:	0.2%
Cusip:	06747QMG9

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