New Issue: Barclays prices $20.07 million autocallable fixed-coupon notes on S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Jan. 12 – Barclays Bank plc priced $20.07 million of 3.75% autocallable fixed-coupon notes due Jan. 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

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

If the notes are not called, the payout at maturity will be par unless the index finishes below 50% of its initial level, in which cases investors will lose 1% for each 1% of the index below the initial value.

Barclay is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable fixed-coupon notes
Underlying index:	S&P 500 index
Amount:	$20,065,000
Maturity:	Jan. 11, 2023
Coupon:	3.75%, payable monthly
Price:	Par of $10,000
Call:	At par if index closes at or above initial level on any monthly call date after six months
Payout at maturity:	Par unless index finishes below barrier level, in which case investors lose 1% for each 1% decline from initial level
Initial level:	3,748.14
Barrier level:	1,874.07, 50% of initial level
Pricing date:	Jan. 6
Settlement date:	Jan. 11
Agent:	Barclays
Fees:	0.2%
Cusip:	06747QVV6

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