New Issue: Barclays prices $80.59 million contingent income autocallable securities on three indexes

By Wendy Van Sickle

Columbus, Ohio, April 18 – Barclays Bank plc priced $80.59 million of contingent income autocallable securities due April 16, 2027 linked to the least performing of the S&P 500 index, the Nikkei 225 index and the Russell 2000 index according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent quarterly coupon at the rate of 11.8% per year if each index closes at or above its coupon barrier level, 75% of its initial level, every day that period.

The notes will be automatically called at par plus any coupon otherwise due if each index closes at or above its initial level on any quarterly observation date after six months.

If each index finishes at or above its 70% downside threshold level, the payout at maturity will be par plus any coupon otherwise due.

Otherwise, investors will lose 1% for every 1% that the worst performer declines from its initial level.

Barclays is the agent. Morgan Stanley Wealth Management is acting as a selected dealer.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	S&P 500 index, Nikkei 225 index, Russell 2000 index
Amount:	$80.59 million
Maturity:	April 16, 2027
Coupon:	11.8% per year, payable quarterly if each index closes at or above coupon barrier level every day that period
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold level, par plus any coupon otherwise due; otherwise, 1% loss for every 1% that least performing index declines from initial level
Call:	Automatically at par plus any coupon otherwise due if each index closes at or above initial level on any quarterly observation date after six months
Initial index levels:	39,523.55 for Nikkei, 2,003.174 for Russell, 5,123.41 for S&P
Coupon barrier levels:	29,642.663 for Nikkei, 1,502.381 for Russell, 3,842.558 for S&P; 75% of initial levels
Downside threshold levels:	27,666.485 for Nikkei, 1,402.222 for Russell, 3,586.387 for S&P; 70% of initial levels
Pricing date:	April 12
Settlement date:	April 17
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	1.93%
Cusip:	06745QLP2

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