New Issue: Barclays prices $794,000 15.25% fixed-coupon autocallables on Tesla

By Taylor Fox

New York, March 18 – Barclays Bank plc priced $794,000 of 15.25% autocallable fixed-coupon notes due Sept. 13, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

Beginning in March 2022, the notes will be automatically called at par if the stock closes at or above its initial share price on a quarterly call date.

If the notes are not called and the stock finishes at or above 50% of its initial share price, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial share price.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$794,000
Maturity:	Sept. 13, 2022
Coupon:	15.25%, payable quarterly
Price:	Par
Call:	Beginning in March 2022, at par if stock closes at or above initial share price on any quarterly call date
Payout at maturity:	Par unless stock finishes below barrier level, in which case 1% loss for every 1% decline in share price
Initial share price:	$563.00
Barrier level:	$281.5, 50% of initial level
Pricing date:	March 8
Settlement date:	March 11
Agent:	Barclays
Fees:	0.5%
Cusip:	06748EE66

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