New Issue: Barclays prices $6.23 million step-up autocallables on Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – Barclays Bank plc priced $6.23 million of 0% autocallable market-linked step-up notes due Jan. 25, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 10.85% if the index closes at or above its initial level on either annual observation date.

If the index finishes above the step-up level – 130% of the initial level – the payout at maturity will be par of $10 plus the index gain.

If the index finishes flat or increases by up to 30%, the payout will be par plus the step-up payment of 30%.

Investors will be fully exposed to any index decline.

BofA Securities, Inc. is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable market-linked step-up notes
Underlying index:	Euro Stoxx 50 index
Amount:	$6,234,470
Maturity:	Jan. 25, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If the index finishes above the step-up level, par plus the index gain; if the final index level is greater than or equal to the initial index level but less than or equal to the step-up level, par plus 30%; full exposure to any index decline
Call:	Automatically at par plus an annual call premium of 10.85% if the index closes at or above its initial level on Feb. 10, 2022 or Jan. 19, 2023
Initial level:	3,557.04
Step-up level:	4,624.15, 130% of initial level
Pricing date:	Jan. 28
Settlement date:	Feb. 4
Agent:	BofA Securities, Inc.
Fees:	2%
Cusip:	06747L397

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