New Issue: Barclays prices $1 million autocallable fixed-coupon notes on Alphabet

By William Gullotti

Buffalo, N.Y., June 7 – Barclays Bank plc priced $1 million of 5% autocallable fixed-coupon notes due June 16, 2022 linked to the common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be automatically called at par if the stock closes at or above its initial level on any monthly call valuation date after six months.

If the notes are not called, the payout at maturity will be par unless the stock finishes below 79% of its initial level, in which cases investors will lose 1% for each 1% of the stock below the initial value.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying stock:	Alphabet Inc.
Amount:	$1,002,000
Maturity:	June 16, 2022
Coupon:	5%, payable monthly
Price:	Par
Call:	At par if stock closes at or above initial level on any monthly call valuation date after six months
Payout at maturity:	Par unless stock finishes below barrier level, in which case investors lose 1% for each 1% decline from initial level
Initial level:	$2,239.08
Barrier level:	$1,768.87; 79% of initial level
Pricing date:	May 12
Settlement date:	May 17
Agent:	Barclays
Fees:	2.15%
Cusip:	06748EQ89

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