New Issue: Barclays sells $2.08 million 16.75% barrier fixed coupon notes on Airbnb, Twilio

By William Gullotti

Buffalo, N.Y., June 1 – Barclays Bank plc priced $2.08 million of 16.75% barrier fixed coupon notes due May 29, 2025 linked to the stock performance of Airbnb, Inc. and Twilio Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly

The payout at maturity will be par unless any stock finishes below the 60% barrier level, in which case investors will receive a number of shares of the worst performer equal to $1,000 divided by that stock’s initial level or, at the issuer’s option, the cash equivalent.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Barrier fixed coupon notes
Underlying stocks:	Airbnb, Inc., Twilio Inc.
Amount:	$2,084,000
Maturity:	May 29, 2025
Coupon:	16.75%, payable quarterly
Price:	Par
Payout at maturity:	Par unless any stock finishes below the 60% barrier level, in which case receive a number of shares of the worst performer equal to its equity ratio or, at the issuer’s option, the cash equivalent
Initial levels:	$106.25 for Airbnb, $59.13 for Twilio
Barrier levels:	$63.75 for Airbnb, $35.48 for Twilio; 60% of initial levels
Equity ratios:	9.41176 for Airbnb, 16.91189 for Twilio; shares delivered per note
Strike date:	May 23
Pricing date:	May 24
Settlement date:	May 30
Underwriter:	Barclays
Fees:	1.25%
Cusip:	06741W5B2

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