New Issue: Barclays sells $2.86 million phoenix autocallable notes on Pinterest

By Kiku Steinfeld

Chicago, Dec. 17 – Barclays Bank plc priced $2.86 million of phoenix autocallable notes due June 14, 2022 linked to the common stock of Pinterest, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 13% if the stock closes at or above its 60% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above 80% of its initial level on any monthly call observation date after three months.

The payout at maturity will be par unless the stock finishes below 50% of its initial value, in which case investors will be fully exposed to the decline of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Pinterest, Inc.
Amount:	$2,861,000
Maturity:	June 14, 2022
Coupon:	13% annualized, payable monthly if stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below final barrier, in which case investors will be fully exposed to decline of stock
Call:	At par plus contingent coupon if stock closes at or above 80% of initial level on any quarterly call observation date after three months
Initial level:	$68.47
Coupon barrier:	$41.08, 60% of initial level
Final barrier:	$34.24, 50% of initial levels
Call level:	$54.78, 80% of initial level
Pricing date:	Dec. 9
Settlement date:	Dec. 14
Agent:	Barclays
Fees:	2.5%
Cusip:	06741WMG2

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