New Issue: Barclays sells $1.04 million phoenix autocallable notes on Nasdaq, Dow

By Sarah Lizee

Olympia, Wash., Aug. 6 – Barclays Bank plc priced $1.04 million of phoenix autocallable notes due July 31, 2020 linked to the least performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each index closes at or above its 75% coupon barrier on a related observation date.

After six months, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any observation date other than the final date.

If the final value of the least performing asset is greater than or equal to its initial value, or less than its initial value but it has never closed below 75% of its initial level on any day during the life of the notes, the payout at maturity will be par.

If the final value of the least performing asset is less than its initial value and it has ever closed below 75% of its initial level on any day during the life of the notes, the payout will be par plus the return of the least performing asset with full exposure to the loss.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying indexes:	Nasdaq-100 index and Dow Jones industrial average
Amount:	$1,035,000
Maturity:	July 31, 2020
Coupon:	8% annualized, payable quarterly if each index closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par if the final value of the least performing asset is greater than or equal to its initial value, or less than its initial value but it has never closed below 75% of its initial level on any day during the life of the notes; otherwise, par plus return of least performing index with exposure to decline
Call:	After six months, at par plus contingent coupon if each index closes at or above initial level on any quarterly observation date other than final date
Initial level:	7,848.78 for Nasdaq, 26,864.27 for Dow
Coupon barrier:	5,886.59 for Nasdaq, 20,148.20 for Dow, 75% of initial levels
Final barrier:	5,886.59 for Nasdaq, 20,148.20 for Dow, 75% of initial levels
Pricing date:	July 31
Settlement date:	Aug. 5
Agent:	Barclays
Fees:	0.85%
Cusip:	06747N3D4

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