New Issue: Barclays sells $1.87 million annual autocalls tied to index, fund

By Susanna Moon

Chicago, April 25 – Barclays Bank plc priced $1.87 million of autocallable notes due April 25, 2022 linked to the lesser 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 11% per year if each asset closes at or above its initial level on any annual call valuation date after one year.

The payout at maturity will be par plus the digital return of 44% unless either underlying asset finishes below its 70% trigger level, in which case investors will be exposed to any losses of the worse performing index or fund.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying assets:	S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1.87 million
Maturity:	April 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 44% unless either asset falls below 70% trigger, in which case 1% loss per 1% decline of the worse performing index or fund
Call:	At par plus 11% per year if each asset closes at or above initial level on any annual call valuation date beginning April 19, 2019
Initial levels:	2,670.14 for S&P and $38.86 for fund
Barrier levels:	1,869.10 for S&P and $27.20 for fund, 70% of initial level
Pricing date:	April 20
Settlement date:	April 27
Agent:	Barclays
Fees:	2.9%
Cusip:	06746X5D1

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