New Issue: Barclays sells $7.25 million autocallable notes on Russell, Nasdaq, S&P

By William Gullotti

Buffalo, N.Y., July 28 – Barclays Bank plc priced $7.25 million of autocallable notes due July 25, 2024 linked to the performance of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annualized 8.5% call premium if the indexes close above their initial levels on any quarterly call date after one year.

If the notes are not called and each index finishes above the 70% barrier level, the payout at maturity will be par. Otherwise, investors will be fully exposed to the worst performer’s decline from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Russell 2000 index, Nasdaq-100 index, S&P 500 index
Amount:	$7,251,000
Maturity:	July 25, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless any index finishes below 70% of its initial level, in which case investors will be fully exposed to the loss of the least performing index
Call:	Automatically at par plus an annualized 8.5% call premium if each index closes above initial level on any quarterly call date after one year
Initial levels:	4,367.48 for S&P, 14,940.17 for Nasdaq, 2,199.48 for Russell
Final barriers:	3,057.24 for S&P, 10,458.12 for Nasdaq, 1,539.63 for Russell; 70% of initial levels
Pricing date:	July 22
Settlement date:	July 27
Agent:	Barclays
Fees:	3%
Cusip:	06748W4V2

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