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

By Kiku Steinfeld

Chicago, April 5 – Barclays Bank plc priced $500,000 of phoenix autocallable notes due March 17, 2022 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11.55% if the stock closes at or above its 65% coupon barrier on a related observation date.

The notes will be called at par of $10,000 plus the contingent coupon if the stock closes at or above its initial level on Sept. 12, 2021 or Dec. 12, 2021.

The payout at maturity will be par unless the stock finishes below 65% of its initial value in which case investors will be fully exposed to the decline, payable either in shares or cash at the issuer’s option.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	Boeing Co.
Amount:	$500,000
Maturity:	March 17, 2022
Coupon:	11.55% annualized, payable monthly if stock closes at or above coupon barrier on related observation date
Price:	Par of $10,000
Call:	Automatically at par plus contingent coupon if stock closes at or above initial level on Sept. 12, 2021 or Dec. 12, 2021
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to decline, payable in either 37.14848 shares or cash at issuer’s option
Initial level:	$269.19
Coupon barrier level:	$174.97, 65% of initial level
Final barrier level:	$174.97, 65% of initial level
Pricing date:	March 12
Settlement date:	March 17
Agent:	Barclays
Fees:	1%
Cusip:	06741WRW2

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