New Issue: Barclays sells $2 million 14% fixed-coupon notes linked to stocks

By Taylor Fox

New York, Sept. 14 – Barclays Bank plc priced $2 million of 14% fixed-coupon notes due Sept. 9, 2022 linked to least performing of the common stocks of American Express Co. and Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

Investors will receive par at maturity if the worst performer finishes above 60% of its initial level, otherwise investors will be fully expose to the losses of the worst performer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Fixed-coupon notes
Reference Assets:	American Express Co. and Advanced Micro Devices, Inc.
Amount:	$2 million
Maturity:	Sept. 9, 2022
Coupon:	14% per year, payable monthly
Price:	Par
Payout at maturity:	Par if worst performer finishes above 60% of initial level; otherwise, full exposure to losses of worst performing stock
Initial prices:	$104.46 for American Express and $82.54 for Advanced Micro Devices
Barrier levels:	$62.68 for American Express and $49.52 for Advanced Micro Devices, or 60% of initial levels
Pricing date:	Sept. 4
Settlement date:	Sept. 10
Agent:	Barclays
Fees:	0.5%
Cusip:	06747QHL4

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