New Issue: Barclays prices $1.67 million autocallable notes tied to S&P, oil and gas ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 30 – Barclays Bank plc priced $1.67 million of 0% autocallable notes due Jan. 29, 2024 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.

Interest is payable monthly.

If each asset closes at or of its initial level on any of the first three annual call valuation dates or above its 60% barrier level on the final valuation date, the notes will be automatically called at par plus a 10.5% annualized premium.

If the notes are not called, investors will lose 1% for each 1% decline of the lesser-performing asset from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	S&P 500 index, SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,672,000
Maturity:	Jan. 29, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If notes are not called, 1% loss for each 1% decline of the lesser-performing asset from its initial level
Call:	Annually at par plus 10.5% a year if each asset closes above initial level on first three annual call observation date or above barrier level on final observation date
Initial levels:	3,295.47 for S&P, $20.44 for ETF
Barrier levels:	1,977.28 for S&P, $12.26 for ETF; 60% of initial levels
Pricing date:	Jan. 24
Settlement date:	Jan. 29
Agent:	Barclays
Fees:	2.7%
Cusip:	06747NZC1

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