New Issue: Barclays prices $14.18 million contingent income autocallable securities on three stocks

By Wendy Van Sickle

Columbus, Ohio, April 18 – Barclays Bank plc priced $14.18 million of contingent income autocallable securities due April 15, 2027 linked to the least performing of the stocks of Apple Inc., Amazon.com, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at the rate of 11.7% per year if each stock closes at or above its coupon barrier level, 60% of its initial level, on the observation date that period.

The notes will be automatically called at par plus any coupon otherwise due if each stock closes at or above its initial level on any quarterly observation date.

If each stock finishes at or above its 60% downside threshold level, the payout at maturity will be par plus any coupon otherwise due.

Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

Barclays is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying stocks:	Apple Inc., Amazon.com, Inc. and Microsoft Corp.
Amount:	$14,179,000
Maturity:	April 15, 2027
Coupon:	11.7% per year, payable quarterly if each stock closes at or above coupon barrier level on the observation date that period
Price:	Par
Payout at maturity:	If each stock finishes at or above downside threshold level, par plus any coupon otherwise due; otherwise, 1% loss for every 1% that least performing stock declines from initial level
Call:	Automatically at par plus any coupon otherwise due if each stock closes at or above initial level on any quarterly observation date
Initial levels:	$176.55 for Apple, $186.13 for Amazon, $421.90 for Microsoft
Coupon barrier levels:	$105.93 for Apple, $111.687 for Amazon, $253.14 for Microsoft; 60% of initial levels
Downside threshold levels:	$105.93 for Apple, $111.687 for Amazon, $253.14 for Microsoft; 60% of initial levels
Pricing date:	April 12
Settlement date:	April 17
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	06745QJQ3

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