New Issue: Barclays prices $1 million 9.8% autocallable fixed-coupon notes on Enphase

Chicago, May 25 – Barclays Bank plc priced $1 million of 9.8% autocallable fixed-coupon notes due Nov. 2, 2023 linked to the common stock of Enphase Energy 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 quarterly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 60% of its initial level, in which cases investors will receive a number of shares equal to $10,000 divided by the initial level or, at the issuer’s option, the cash equivalent.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Enphase Energy Inc.
Amount:	$1,000,000
Maturity:	Nov. 2, 2023
Coupon:	9.8% annual rate, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 44.55137 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 quarterly call valuation date after six months
Initial level:	$224.46
Barrier level:	$134.68, 60% of initial level
Pricing date:	Oct. 28, 2021
Settlement date:	Nov. 2, 2021
Agent:	Barclays
Fees:	1.75%
Cusip:	06741WK58

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