New Issue: Barclays prices $1.33 million four-year autocalls tied to S&P, oil fund

By Susanna Moon

Chicago, Jan. 28 – Barclays Bank plc priced $1.33 million of annual autocallable notes due Jan. 30, 2023 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 annual call premium of 10.25% if each asset closes at or above its initial level on any call valuation date after one year.

If the notes are not called, the payout at maturity will be par plus 41% unless either underlying asset closes below its 60% barrier 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 the SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1.33 million
Maturity:	Jan. 30, 2023
Coupon:	0%
Price:	Par
Call:	At par plus an annual call premium of 10.25% if each asset closes at or above its initial level on any call valuation date after one year
Payout at maturity:	Par plus 41% unless either asset falls by more than 40%, in which case 1% loss per 1% decline of the worse performing index or fund
Initial levels:	2,670.71 for S&P and $31.61 for oil fund
Trigger levels:	1,602.43 for S&P and $18.97 for oil fund, 60% of initial levels
Pricing date:	Jan. 18
Settlement date:	Jan. 25
Agent:	Barclays
Fees:	2.9%
Cusip:	06747MA97

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