New Issue: Barclays prices $1 million 14.5% autocallable fixed-coupon notes on Tesla

By William Gullotti

Buffalo, N.Y., Nov. 15 – Barclays Bank plc priced $1 million of 14.5% autocallable fixed-coupon notes due Aug. 8, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the stock closes at or above its initial level on any semiannual call valuation date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 70% of its initial level, in which cases investors will receive a number of shares equal to $10,000 divided by the initial value or, at the issuer’s option, the cash equivalent.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$1 million
Maturity:	Aug. 8, 2022
Coupon:	14.5%, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 14.08967 shares per note or, at the issuer’s option, the cash equivalent
Call:	At par if stock closes at or above initial level on any semiannual call valuation date
Initial level:	$709.74
Barrier level:	$496.82; 70% of initial level
Pricing date:	Aug. 3
Settlement date:	Aug. 6
Agent:	Barclays
Fees:	1%
Cusip:	06741W3C2

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