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Published on 5/5/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $500,000 phoenix autocallable notes on ZoomInfo

By Kiku Steinfeld

Chicago, May 5 – Barclays Bank plc priced $500,000 of phoenix autocallable notes due April 19, 2024 linked to the common stock of ZoomInfo Technologies Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12% 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 90% of its initial share price on any quarterly 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:ZoomInfo Technologies Inc.
Amount:$500,000
Maturity:April 19, 2024
Coupon:12% annualized, payable quarterly 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 90% of its initial share price on any quarterly call observation date after six months
Initial share price:$43.119
Coupon barrier level:$28.75, 60% of initial level
Final barrier level:$28.75, 60% of initial level
Pricing date:April 16
Settlement date:April 21
Agent:Barclays
Fees:2.75%
Cusip:06748EK44

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