New Issue: Barclays prices $968,000 annual autocallables linked to Euro Stoxx 50, S&P 500

By Angela McDaniels

Tacoma, Wash., Jan. 26 – Barclays Bank plc priced $968,000 of 0% annual autocallable notes due Jan. 27, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 12.75% per year if each index closes at or above its initial level on any of four annual call valuation dates.

If the notes are not called and the final level of the lesser-performing index is greater than or equal to its barrier level, 70% of its initial level, the payout at maturity will be par plus 10%. Otherwise, investors will be fully exposed to the decline of the lesser-performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying index:	Euro Stoxx 50 and S&P 500
Amount:	$968,000
Maturity:	Jan. 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of lesser-performing index is greater than or equal to barrier level, par plus 10%; otherwise, full exposure to decline of lesser-performing index from initial level
Call:	Automatically at par plus 12.75% per year if each index closes at or above its initial level on Jan. 23, 2017, Jan. 22, 2018, Jan. 22, 2019 or Jan. 22, 2020
Initial index levels:	3,023.21 for Euro Stoxx 50 and 1,906.90 for S&P 500
Barrier levels:	2,116.25 for Euro Stoxx 50 and 1,334.83 for S&P 500; 70% of initial levels
Pricing date:	Jan. 22
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	2.15%
Cusip:	06741U2K9

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