New Issue: Barclays sells $500,000 phoenix autocallable notes on Tesla

Chicago, July 5 – Barclays Bank plc priced $500,000 of phoenix autocallable notes due Dec. 22, 2022 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12.4% if the stock closes at or above its 50% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial level on any semiannual call date.

The payout at maturity will be par unless the stock finishes below 50% of its initial value, in which case investors will be fully exposed to the decline of the stock, payable in shares or cash at the issuer’s option.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Tesla, Inc.
Amount:	$500,000
Maturity:	Dec. 22, 2022
Coupon:	12.4% annualized, payable monthly if stock closes at or above coupon barrier on related observation date
Price:	Par of $10,000
Payout at maturity:	Par unless stock finishes below final barrier, in which case investors will be fully exposed to decline of stock, payable as 10.72306 shares or cash at the issuer’s option
Call:	At par plus contingent coupon if stock closes at or above initial level on any semiannual call date
Initial level:	$932.57
Coupon barrier:	$466.29, 50% of initial level
Final barrier:	$466.29, 50% of initial level
Pricing date:	Dec. 17, 2021
Settlement date:	Dec. 22, 2021
Agent:	Barclays
Fees:	1%
Cusip:	06741WQ78

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