New Issue: Barclays prices $500,000 11.15% autocallable fixed-coupon notes on Freeport McMoRan

By Kiku Steinfeld

Chicago, Oct. 26 – Barclays Bank plc priced $500,000 of 11.15% autocallable fixed-coupon notes due Oct. 18, 2022 linked to the of the common stock of Freeport-McMoRan Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable semiannually.

The notes will be called at par of $10,000 if the stock closes at or above its initial level on any semiannual call observation date.

The payout will be par unless the stock has finished below its 70% barrier level, in which case investors will be exposed to all losses, payable in shares or cash at the option of the issuer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Freeport-McMoRan Inc.
Amount:	$500,000
Maturity:	Oct. 18, 2022
Coupon:	11.15% per year, payable semiannually
Price:	Par of $10,000
Payout at maturity:	Par unless stock has finished below barrier level, in which case exposure to all losses, payable in 279.17365 shares or cash at option of issuer
Call:	At par if stock closes at or above initial level on any semiannual call observation date
Initial stock level:	$35.82
Barrier level:	$25.07; 70% of initial level
Pricing date:	Oct. 13
Settlement date:	Oct. 18
Agent:	Barclays
Fees:	1%
Cusip:	06741WJ43

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