New Issue: Barclays sells $2.7 million phoenix autocallable notes on S&P 500

Chicago, March 29 – Barclays Bank plc priced $2.7 million of phoenix autocallable notes due March 20, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6.5% if the index closes at or above its 85% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly call observation date after six months.

The payout at maturity will be par plus any coupon unless the index finishes below 85% of its initial value, in which case investors will lose 1% for each 1% decline of the index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	S&P 500 index
Amount:	$2,700,000
Maturity:	March 20, 2024
Coupon:	6.5% annualized, payable quarterly if the index closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par plus any coupon unless the index finishes below final barrier, in which case 1% loss for each 1% decline of the index
Call:	At par plus contingent coupon if the index closes at or above initial level on any quarterly call observation date after six months
Initial level:	3,962.71
Coupon barrier:	3,368.30; 85% of initial level
Final barrier:	3,368.30; 85% of initial level
Pricing date:	March 16
Settlement date:	March 19
Agent:	Barclays
Fees:	2%
Cusip:	06748EEZ2

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