New Issue: Barclays prices $1.04 million autocallable notes tied to index, ETF

By Wendy Van Sickle

Columbus, Ohio, Feb. 27 – Barclays Bank plc priced $1.04 million of 0% autocallable notes due Feb. 26, 2024 linked to the least performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized premium of 10.5% if each asset closes at or above its initial level on any annual observation date other than the final date when the call level will be equal to 60% of each asset’s initial level.

If the notes are not called, at maturity investors will be fully exposed to the decline of the lesser-performing asset.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underliers:	S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,043,000
Maturity:	Feb. 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, full exposure to decline of lesser-performing asset
Call:	At par plus an annualized premium of 10.5% if each asset closes at or above its initial level on any annual observation date other than the final one when the call level will equal the barrier level
Initial levels:	3,337.75 for index, $18.80 for ETF
Barrier values:	2,002.65 for index, $11.28 for ETF; 60% of initial levels
Pricing date:	Feb. 21
Settlement date:	Feb. 28
Agent:	Barclays
Fees:	0.7%
Cusip:	06747P7L7

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