New Issue: Barclays sells $1.08 million phoenix autocallable notes on four stocks

By William Gullotti

Buffalo, N.Y., Nov. 4 – Barclays Bank plc priced $1.08 million of phoenix autocallable notes due July 31, 2024 linked to least performing of stocks of Wynn Resorts, Ltd., Uber Technologies, Inc., Airbnb, Inc. and American Airlines Group Inc., according to a 424B2 filing with Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 21.5% if each stock closes at or above its 60% coupon barrier on a related observation date.

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

If the notes are not called and each stock finishes at or above its 60% barrier level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will receive a number of shares of the worst performer equal to $1,000 divided by that stock’s initial share price or the cash equivalent at the issuer’s option.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying stocks:	Wynn Resorts, Ltd., Uber Technologies, Inc., Airbnb, Inc., American Airlines Group Inc.
Amount:	$1,075,000
Maturity:	July 31, 2024
Coupon:	21.5% annualized, payable quarterly if each stock closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	If each stock finishes at or above barrier level, par plus final coupon; otherwise, investors will receive a number of shares of the worst performer equal to that stock’s equity ratio or the cash equivalent at the issuer’s option
Call:	Automatically at par plus coupon if each stock closes at or above initial level on any quarterly observation date
Initial levels:	$102.16 for Wynn, $46.14 for Uber, $143.30 for Airbnb, $21.63 for American
Coupon barriers:	$61.30 for Wynn, $27.68 for Uber, $85.98 for Airbnb, $12.98 for American; 60% of initial levels
Final barriers:	$61.30 for Wynn, $27.68 for Uber, $85.98 for Airbnb, $12.98 for American; 60% of initial levels
Equity ratio:	9.78857 for Wynn, 21.67317 for Uber, 6.97837 for Airbnb, 46.23209 for American; shares per note
Pricing date:	July 28
Settlement date:	July 30
Agent:	Barclays
Fees:	3.25%
Cusip:	06741W2K5

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