New Issue: Barclays prices $1.5 million phoenix autocallables on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., March 21 – Barclays Bank plc priced $1.5 million of phoenix autocallable notes due March 20, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual contingent coupon at an annual rate of 8.75% if the index closes at or above its coupon barrier, 70% of its initial level, on the related semiannual observation date.

The notes will be automatically called at par if the index closes at or above its initial level on any observation date other than the final one.

The payout at maturity will be par unless the index finishes below its 70% barrier value, in which case investors will have one-to-one exposure to the decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	Euro Stoxx 50
Amount:	$1.5 million
Maturity:	March 20, 2023
Coupon:	8.75% annualized, payable semiannually if index closes at or above coupon barrier on related semiannual observation date
Price:	Par
Payout at maturity:	Par unless index finishes below barrier, in which case full exposure to losses
Call:	At par if index closes at or above initial level on any observation date other than final date
Initial level:	3,414.13
Coupon barrier:	2,389.89, 70% of initial level
Barrier:	2,389.89, 70% of initial level
Pricing date:	March 15
Settlement date:	March 20
Agent:	Barclays
Fees:	None
Cusip:	06746X2C6

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