New Issue: Barclays sells $1.15 million phoenix autocallable notes on ViacomCBS

By William Gullotti

Buffalo, N.Y., March 28 – Barclays Bank plc priced $1.15 million of phoenix autocallable notes due May 3, 2023 linked to the class B common stock of ViacomCBS Inc., according to a 424B2 filing with Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.5% if the stock closes at or above its 60% coupon barrier on a related observation date.

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

The payout at maturity will be par unless the stock finishes below 60% of its initial value in which case investors will be fully exposed to the losses of the stock.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	ViacomCBS Inc.
Amount:	$1,149,000
Maturity:	May 3, 2023
Coupon:	13.5% annualized, payable quarterly if stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless underlying stock finishes below final barrier, in which case full exposure to loss of stock
Call:	At par plus contingent coupon if underlying stock closes at or above initial level on any quarterly call observation date starting after six months
Initial level:	$41.43
Coupon barrier level:	$24.86; 60% of initial level
Final barrier level:	$24.86; 60% of initial level
Pricing date:	April 28, 2021
Settlement date:	May 3, 2021
Agent:	Barclays
Fees:	1.9 %
Cusip:	06748EMQ3

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