New Issue: Barclays prices $1.88 million phoenix autocallables on SPDR S&P Oil & Gas

By Wendy Van Sickle

Columbus, Ohio, March 14 – Barclays Bank plc priced $1.88 million of phoenix autocallable notes due March 14, 2023 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 13.75% if the ETF closes at or above its 85% coupon barrier on the observation date for that period.

The notes will be called at par plus the contingent coupon if the ETF closes at or above its initial price on any observation date beginning with the fourth observation date.

The payout at maturity will be par unless the ETF finishes below its 66% barrier price, in which case investors will be fully exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying fund:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,875,000
Maturity:	March 14, 2023
Coupon:	13.75% annualized, payable quarterly if ETF closes at or above 85% coupon barrier on observation date for that period
Price:	Par
Payout at maturity:	Par plus contingent coupon unless ETF finishes below 66% barrier, in which case full exposure to losses
Call:	At par plus contingent coupon if ETF closes at or above initial price on any observation date beginning with the fourh observation date
Initial price:	$34.77
Coupon barrier:	$29.55, 85% of initial price
Barrier:	$22.95, 66% of initial price
Pricing date:	March 9
Settlement date:	March 14
Agent:	Barclays
Fees:	0%
Cusip:	06744CZS3

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