New Issue: Barclays sells $700,000 12% barrier fixed coupon notes on three stocks

By William Gullotti

Buffalo, N.Y., Sept. 2 – Barclays Bank plc priced $700,000 of 12% barrier fixed coupon notes due Aug. 30, 2024 linked to the stocks of Berkshire Hathaway Inc., Walt Disney Co. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly

The payout at maturity will be par unless any stock finishes below the 70% barrier level, in which case investors will be exposed to the decline of the least performing stock from the initial level.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Barrier fixed coupon notes
Underlying stocks:	Berkshire Hathaway Inc., Walt Disney Co., Alphabet Inc.
Amount:	$700,000
Maturity:	Aug. 30, 2024
Coupon:	12%, payable monthly
Price:	Par
Payout at maturity:	Par unless any stock finishes below the 70% barrier level, in which case exposure to decline of least performing stock from initial level
Initial levels:	$298.13 for Berkshire Hathaway, $117.46 for Disney, $116.65 for Alphabet
Barrier levels:	$208.69 for Berkshire Hathaway, $82.22 for Disney, $81.66 for Alphabet; 70% of initial levels
Pricing date:	Aug. 25
Settlement date:	Aug. 30
Underwriter:	Barclays
Fees:	0.75%
Cusip:	06748XQ79

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