New Issue: Barclays prices $1 million 11.4% autocallable fixed-coupon notes on Western Digital

Chicago, June 2 – Barclays Bank plc priced $1 million of autocallable fixed-coupon notes due Nov. 21, 2022 linked to the common stock of Western Digital Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 11.4% per year and will be payable monthly.

The notes will be automatically called at par if stock closes at or above its initial level on a quarterly call date after six months.

If the notes are not called, the payout at maturity will be par unless the stock closes below its barrier level, 70% of its initial level, in which case the payout will be 170.99863 shares with the fractional amount in stock or cash at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	Western Digital Corp.
Amount:	$1,000,000
Maturity:	Nov. 21, 2022
Coupon:	11.4% annual rate, payable monthly
Price:	Par of $10,000
Call:	At par if stock closes at or above initial level on a quarterly call date after six months
Payout at maturity:	Par unless stock closes below its barrier level, in which case 170.99863 shares, with fractional amount in cash, or cash at the issuer’s option
Initial level:	$58.48
Barrier level:	$40.94; 70% of initial level
Pricing date:	Nov. 16, 2021
Settlement date:	Nov. 19, 2021
Agent:	Barclays
Fees:	1%
Cusip:	06741WM56

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