New Issue: Barclays sells $640,000 callable contingent coupon notes on Tesla

Chicago, June 2 – Barclays Bank plc priced $640,000 of callable contingent coupon notes Nov. 24, 2023 linked to the performing of the stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent monthly coupon at an annualized rate of 30% if the stock closes at or above its coupon barrier level, 70% of its initial level, on the valuation date for that period.

The notes will be callable in whole at par plus any coupon due on any monthly call valuation date after three months.

If the notes are not redeemed early and the stock finishes at or above 70% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% decline from the stock’s initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable contingent coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$640,000
Maturity:	Nov. 24, 2023
Contingent coupon:	30% per year, payable monthly if the stock closes at or above coupon barrier on the valuation date for that period
Price:	Par
Payout at maturity:	Par plus final coupon if stock finishes at or above final barrier; otherwise, loss of 1% for every 1% decline from initial level
Call option:	In whole at par plus any coupon due on any monthly call valuation date after three months
Initial level:	$1,137.06
Coupon barrier level:	$795.94; 70% of initial level
Final barrier level:	$795.94; 70% of initial level
Pricing date:	Nov. 19, 2021
Settlement date:	Nov. 24, 2021
Agent:	Barclays
Fees:	0.4%
Cusip:	06748WT60

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