New Issue: Barclays prices $7.14 million buffered fixed-coupon autocallable notes on S&P, Russell

By Sarah Lizee

Olympia, Wash., March 5 – Barclays Bank plc priced $7.14 million of 5.05% buffered fixed-coupon autocallable notes due Aug. 31, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if each index closes at or above its initial level on any quarterly call date after six months.

If the notes are not called, the payout at maturity will be par unless either index finishes below its buffer level, 80% of its initial level, in which case the payout will be par minus 1% for every 1% that the lesser-performing index declines beyond 20%.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered fixed-coupon autocallable notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$7,136,000
Maturity:	Aug. 31, 2021
Coupon:	5.05%, payable quarterly
Price:	Par
Call:	At par if each index closes at or above initial level on any quarterly call date after six months
Payout at maturity:	Par unless either index finishes below its buffer level, in which case par minus 1% for every 1% that the lesser-performing index declines beyond 20%
Initial levels:	3,225.89 for S&P, 1,628.10 for Russell
Buffer levels:	2,580.71 for S&P, 1,302.48 for Russell; 80% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Barclays
Fees:	0.05%
Cusip:	06747PDT3

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