For creating new price points, Admin must add them as new picklist values in the "Price Points" field in the Price Rule Object in Salesforce.
To add new price points as picklist values:
- Go to Setup > App Setup > Create > Manage your custom objects > Price Rule.
- Under the Custom Fields & Relationships section, click Price Points.
- Under the Values section, click New.
- Enter new price points in the textbox and click Save.