New Issue: Barclays prices $20.95 million market-linked step-up autocalls on Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Nov. 30 – Barclays Bank plc priced $20.95 million of 0% autocallable market-linked step-up notes due Nov. 28, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call premium of 11% if the index closes at or above its initial level on Dec. 3, 2021.

If the index finishes above the step-up level – 130% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index gains by up to the step-up level, the payout will be par plus the step-up payment of 30%.

Investors will be exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable market-linked step-up notes
Underlying index:	Nasdaq-100
Amount:	$20,945,980
Price:	Par of $10
Maturity:	Nov. 28, 2022
Coupon:	0%
Payout at maturity:	If the index finishes above the step-up level, par plus the index gain; if the index gains by up to the step-up level, par plus 30%; 1% loss for every 1% index decline
Call:	Automatically at par plus 11% if the index closes at or above its initial level on Dec. 3, 2021
Initial level:	12,079.81
Step-up level:	15,703.75, 130% of initial level
Pricing date:	Nov. 24
Settlement date:	Dec. 2
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06747K159

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