New Issue: Barclays sells $305,000 fixed-coupon autocallable notes on Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – Barclays Bank plc priced $305,000 of 6.5% autocallable fixed-coupon notes due June 30, 2022 linked to the worst performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if the indexes close above their initial levels on any monthly call date after six months.

If the notes are not redeemed, the payout will be par plus any final coupon unless any index finishes below 75% of its initial level, in which case investors will be fully exposed to the loss of the least performing index.

Barclays is the underwriter.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying assets:	Russell 2000 index and Nasdaq-100 index
Amount:	$305,000
Maturity:	June 30, 2022
Contingent coupon:	6.5%, payable monthly
Price:	Par
Payout at maturity:	Par plus any coupon unless any index finishes below 75% of its initial level, in which case investors will be fully exposed to the loss of the least performing index
Call:	Automatically at par if each index closes above initial level on any monthly call date after six months
Initial levels:	2,007.1 for Russell, 12,653.14 for Nasdaq
Final barriers:	1,505.33 for Russell, 9,489.86 for Nasdaq; 75% of initial levels
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	Barclays
Fees:	1.15%
Cusip:	06057QRY5

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