New Issue: Barclays sells $340,000 fixed coupon notes on Tesla

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – Barclays Bank plc priced $340,000 of 18% fixed coupon notes due Oct. 29, 2021 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The payout at maturity will be par unless the stock finishes below its in initial level and ever closes below its knock-in level, 60% of its initial level, in which case investors will lose 1% for each 1% decline, paid in cash or shares.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$340,000
Maturity:	Oct. 29, 2021
Fixed coupon:	18% payable quarterly
Price:	Par
Payout at maturity:	Par unless stock finishes below initial level and ever closes below knock-in level, in which case 1% loss for each 1% decline
Initial stock level:	$420.28
Knock-in level:	$252.17, 60% of initial levels
Pricing date:	Oct. 27
Settlement date:	Oct. 29
Agent:	Barclays
Fees:	2.5%
Cusip:	06741WLS7

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