New Issue: Barclays sells $1.25 million 10.2% buffered callable fixed coupon notes on three stocks

By William Gullotti

Buffalo, N.Y., Aug. 10 – Barclays Bank plc priced $1.25 million of 10.2% callable fixed coupon notes due June 19, 2024 linked to the performance of the stocks of Microsoft Corp., Home Depot, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes are callable at par on any contingent coupon payment date after six months.

The payout at maturity will be par plus the final coupon due unless any stock finishes below the 50% downside barrier, in which case investors will lose 1% for each 1% decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Callable fixed coupon notes
Underlying stocks:	Tesla, Inc., Microsoft Corp., Home Depot, Inc.
Amount:	$1.25 million
Maturity:	June 19, 2024
Coupon:	10.2%; payable quarterly
Price:	Par
Payout at maturity:	Par plus the final coupon unless any stock falls by more than 50%, in which case exposure to losses of the worst performer from its initial level
Call option:	At par on any interest payment date after six months
Initial levels:	$259.89 for Microsoft, $617.69 for Tesla, $309.32 for Home Depot
Buffer levels:	$129.94 for Microsoft, $308.84 for Tesla, $154.66 for Home Depot; 50% of initial levels
Pricing date:	June 14
Settlement date:	June 17
Agent:	Barclays
Fees:	0.75%
Cusip:	06748EXF5

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