New Issue: Barclays prices $1.87 million 22% autocallable fixed-coupon notes on Fastly

By Wendy Van Sickle

Columbus, Ohio, April 30 – Barclays Bank plc priced $1.87 million of autocallable fixed-coupon notes due May 3, 2021 linked to the class A common stock of Fastly, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 22% per year and will be payable quarterly.

The notes will be automatically called at par if stock closes at or above its initial level on a quarterly call date after six months.

If the notes are not called, the payout at maturity will be par unless the stock closes below its barrier level, 50% of its initial level, during the life of the notes and the stock finishes below its initial level, in which case the payout will be 42.19409 Fastly shares with the fractional amount in stock.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying indexes:	Fastly, Inc.
Amount:	$1,873,000
Maturity:	May 3, 2021
Coupon:	22%, payable quarterly
Price:	Par
Call:	At par if stock closes at or above initial level on a quarterly call date after six months
Payout at maturity:	Par unless stock closes below its barrier level, during life of notes and stock finishes below initial level, in which case 42.19409 shares of Fastly, with fractional amount in cash
Initial level:	$23.70
Barrier level:	$11.85; 50% of initial level
Pricing date:	April 27
Settlement date:	May 1
Agent:	Barclays
Fees:	1.25%
Cusip:	06741WGP9

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