New Issue: Barclays sells $720,000 phoenix autocallable notes on ViacomCBS

By Wendy Van Sickle

Columbus, Ohio, April 28 – Barclays Bank plc priced $720,000 of phoenix autocallable notes due April 17, 2024 linked to the common stock of ViacomCBS 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 13.5% if the stock closes at or above its 60% coupon barrier on the related observation date.

The notes will be called at par plus the contingent coupon if the stock closes at or above its initial share price on any monthly call observation date after six months.

The payout at maturity will be par unless the stock finishes below 60% of its initial value, in which case investors will be fully exposed to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stock:	ViacomCBS Inc.
Amount:	$720,000
Maturity:	April 17, 2024
Coupon:	13.5% annualized, payable monthly if stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless stock finishes below final barrier, in which case full exposure to decline
Call:	At par plus contingent coupon if stock closes at or above initial share price on any monthly call observation date after six months
Initial share price:	$39.77
Coupon barrier level:	$23.86, 60% of initial level
Final barrier level:	$23.86, 60% of initial level
Pricing date:	April 12
Settlement date:	April 15
Agent:	Barclays
Fees:	2.3%
Cusip:	06748EJP9

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