New Issue: Barclays prices $7.8 million step-up autocallables linked to MSCI EM

Kiku Steinfeld

Chicago, March 29 – Barclays Bank plc priced $7.8 million of 0% autocallable market-linked step-up notes due March 28, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 11.05% if the index closes at or above its initial level on March 24, 2022 or March 23, 2023.

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

If the index finishes at or above the initial level but at or below the step-up level, the payout will be par plus the step-up payment of 30%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable market-linked step-up notes
Underlying index:	MSCI Emerging Markets
Amount:	$7,796,810
Maturity:	March 28, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above step-up level, par plus index gain; if index finishes at or above initial level but at or below step-up level, par plus 30%; full exposure to losses, if any
Call:	Automatically at par plus an annual call premium of 11.05% if index closes at or above initial level on March 24, 2022 or March 23, 2023
Initial level:	1,357.60
Step-up level:	1,764.88, 130% of initial level
Pricing date:	March 11
Settlement date:	March 18
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06744A345

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