New Issue: Barclays prices $1.01 million autocallable fixed-coupon notes on Etsy

By Kiku Steinfeld

Chicago, July 13 – Barclays Bank plc priced $1.01 million of 13.2% autocallable fixed-coupon notes due Dec. 30, 2022 linked to the common stock of Etsy, 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 semiannual call date.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 70% of its initial level, in which cases investors will receive a number of shares equal to $10,000 divided by that stock’s initial share price or the cash equivalent at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Etsy, Inc.
Amount:	$1.01 million
Maturity:	Dec. 30, 2022
Coupon:	13.2%, payable monthly
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors will receive 43.54073 shares or the cash equivalent at the issuer’s option
Call:	At par if stock closes at or above initial level on any semiannual call date
Initial level:	$229.67
Barrier level:	$160.77, 70% of initial level
Pricing date:	Dec. 27, 2021
Settlement date:	Dec. 30, 2021
Agent:	Barclays
Fees:	1%
Cusip:	06741WR36

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