New Issue: Barclays prices $1 million 16.5% autocallable fixed-coupon notes on Tesla

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Barclays Bank plc priced $1 million of autocallable fixed-coupon notes due Dec. 26, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 16.5% 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, 50% of its initial level, in which case the payout will be 72.56894 shares with the fractional amount in cash or cash at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	Tesla, Inc.
Amount:	$1,000,000
Maturity:	Dec. 26, 2024
Coupon:	16.5%, 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 72.56894 shares of Tesla, with fractional amount in cash or cash at the issuer’s option
Initial level:	$137.80
Barrier level:	$68.90; 50% of initial level
Pricing date:	Dec. 20
Settlement date:	Dec. 23
Agent:	Barclays
Fees:	1.75%
Cusip:	06741WYG9

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