New Issue: Barclays prices $987,000 autocallable fixed-coupon notes on Nasdaq

By Sarah Lizee

Olympia, Wash., Aug. 31 – Barclays Bank plc priced $987,000 of autocallable fixed-coupon notes due Aug. 31, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate will be 4.5% per year and will be payable quarterly.

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

If the notes are not called, the payout at maturity will be par unless the index finishes below its barrier level, 60% of its initial level, in which case the payout will be par minus 1% for every 1% that the index declines from its initial level.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying index:	Nasdaq-100
Amount:	$987,000
Maturity:	Aug. 31, 2022
Coupon:	4.5%, payable quarterly
Price:	Par
Call:	At par if index closes at or above initial level on quarterly valuation date after six months
Payout at maturity:	Par unless index finishes below barrier level, in which case par minus 1% for every 1% that index declines from initial level
Initial level:	11,971.94
Barrier level:	7,183.16; 60% of initial level
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	Barclays
Fees:	1.5%
Cusip:	06747QE52

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