New Issue: Barclays prices $550,000 phoenix autocallables on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Dec. 20 – Barclays Bank plc priced $550,000 of phoenix autocallable notes due Dec. 20, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.5% if the index closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any valuation date other than the first and final dates.

The payout at maturity will be par unless the index finishes below the 75% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	Euro Stoxx 50
Amount:	$550,000
Maturity:	Dec. 20, 2022
Coupon:	9.5% annualized, payable quarterly if index closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless index finishes below 75% barrier, in which case 1% loss for each 1% decline
Call:	At par plus contingent coupon if index closes at or above initial level on any observation date other than the first and final dates
Initial level:	3,560.53
Coupon barrier:	2,848.42, 80% of initial level
Barrier level:	2,670.40, 75% of initial level
Pricing date:	Dec. 15
Settlement date:	Dec. 20
Agent:	Barclays
Fees:	None
Cusip:	06744CP88

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