New Issue: Barclays prices $1.3 million autocallable notes tied to three indexes

By Sarah Lizee

Olympia, Wash., Jan. 16 – Barclays Bank plc priced $1.3 million of autocallable notes due Jan. 17, 2025 linked to the least performing index of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

After one year, the notes will be automatically called at par plus a premium of 7.5% per year if each index closes above its initial level on any annual observation date except the final one.

If the notes are not called, the payout at maturity will be par unless any index finishes below its 60% barrier level, in which case investors will be fully exposed to the decline of the worst performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index
Amount:	$1.3 million
Maturity:	Jan. 17, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, par unless any index finishes below its 60% barrier level, in which case investors will be fully exposed to the decline of the worst performing index
Call:	At par premium of 7.5% per year if each index closes above initial level on any annual observation date after one year
Initial levels:	9,033.42 for Nasdaq, 1,675.74 for Russell, 28,939.67 for Dow
Barrier levels:	5,420.05 for Nasdaq, 1,005.44 for Russell, 17,363.80 for Dow, 70% of initial levels
Pricing date:	Jan. 14
Settlement date:	Jan. 17
Agent:	Barclays
Fees:	4.125%
Cusip:	06747P2Q1

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