New Issue: Barclays prices $1.9 million autocallable fixed-coupon notes on Apple

By Taylor Fox

New York, Feb. 16 – Barclays Bank plc priced $1.9 million of 6.45% autocallable fixed-coupon notes due April 26, 2022 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

The notes will be automatically called at par if the stock closes at or above its initial level on any quarterly call date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 71% of its initial level, in which cases investors will lose 1% for each 1% of the stock below the initial value, payable either in shares or cash at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Apple Inc.
Amount:	$1,904,000
Maturity:	April 26, 2022
Coupon:	6.45%, payable quarterly
Price:	Par
Call:	At par if stock closes at or above initial level on any quarterly call date after six months
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors lose 1% for each 1% decline from initial level, payable either in shares or cash at issuer’s option
Initial level:	$136.87
Barrier level:	$97.18, 71% of initial level
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Agent:	Barclays
Fees:	2.25%
Cusip:	06741WNH9

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