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Published on 4/18/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $1.5 million barrier fixed-coupon notes on three stocks

Chicago, April 19 – Barclays Bank plc priced $1.5 million of 11.4% barrier fixed-coupon notes due March 20, 2023 linked to the common stocks of Anheuser-Busch InBev SA/NV, Amazon.com, Inc. and YETI Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will be exposed to the decline of the least performing stock from the initial level.

Barclays is the underwriter.

Issuer:Barclays Bank plc
Issue:Barrier fixed-coupon notes
Underlying stocks:Anheuser-Busch InBev SA/NV, Amazon.com, Inc. and YETI Holdings, Inc.
Amount:$1,500,000
Maturity:March 20, 2023
Coupon:11.4%, payable monthly
Price:Par
Payout at maturity:Par unless any stock finishes below barrier level, in which case exposure to decline of least performing stock from initial level
Initial levels:$62.87 for BUD, $3,089.49 for Amazon and $71.29 for YETI
Barrier levels:$37.72 for BUD, $1,853.69 for Amazon and $42.77 for YETI, 60% of initial level
Pricing date:March 15
Settlement date:March 18
Underwriter:Barclays
Fees:0.4%
Cusip:06748EF99

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