New Issue: Barclays prices $600,000 autocallable fixed-coupon notes on Tesla

By Taylor Fox

New York, Nov. 16 – Barclays Bank plc priced $600,000 of 16.75% autocallable fixed-coupon notes due Jan. 31, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable quarterly.

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, during the life of the notes and the stock finishes below its initial level, in which case investors will lose 1% for each 1% of the stock below the initial value.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$600,000
Maturity:	Jan. 31, 2022
Coupon:	16.75%, payable quarterly
Price:	Par
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 during life of notes and stock finishes below initial level, in which case investors will lose 1% for each 1% decline
Initial level:	$406.02
Barrier level:	$303.01, 50% of initial level
Pricing date:	Oct. 28
Settlement date:	Oct. 30
Agent:	Barclays
Fees:	2.5%
Cusip:	06747QNP8

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