New Issue: Barclays prices $3 million buffered autocallable fixed-coupon notes on Tesla

Chicago, March 8 – Barclays Bank plc priced $3 million of 17% buffered autocallable fixed-coupon notes due Jan. 27, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par of $25,000 if the stock closes at or above its initial level on quarterly call date after six months.

If the notes are not called and the stock finishes at or above 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.42857% for each 1% loss beyond the 30% buffer level, payable either in shares or cash at the issuer’s option.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable fixed-coupon notes
Underlying stock:	Tesla, Inc.
Amount:	$3 million
Maturity:	Jan. 27, 2022
Coupon:	17%, payable monthly
Price:	Par of $25,000
Call:	At par if stock closes at or above initial level on any quarterly call date after six months
Payout at maturity:	Par unless stock finishes below buffer level, in which case 1.42857% loss for each 1% decline of stock beyond buffer, payable either in shares or cash at issuer’s option
Initial level:	$846.64
Buffer level:	$592.65, 70% of initial level
Pricing date:	Jan. 22
Settlement date:	Jan. 27
Agent:	Barclays
Fees:	1%
Cusip:	06741WPJ3

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