New Issue: Barclays sells $500,000 phoenix autocallable notes on Peloton Interactive

By Kiku Steinfeld

Chicago, March 25 – Barclays Bank plc priced $500,000 of phoenix autocallable notes due Sept. 25, 2024 linked to the common stock of Peloton Interactive, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 11.65% if the stock closes at or above its 50% coupon barrier on the related observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any quarterly call observation date after six months.

The payout at maturity will be par unless the stock finishes below 50% of its initial value, in which case investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Peloton Interactive, Inc.
Amount:	$500,000
Maturity:	Sept. 25, 2024
Coupon:	11.65% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to decline
Call:	At par plus contingent coupon if stock closes at or above initial share price on any quarterly call observation date after six months
Initial share price:	$100.73
Coupon barrier level:	$50.37, 50% of initial level
Final barrier level:	$50.37, 50% of initial level
Pricing date:	Sept. 21
Settlement date:	Sept. 24
Agent:	Barclays
Fees:	2.35%
Cusip:	06748WJB0

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