New Issue: Barclays prices $1.2 million phoenix autocallables linked to indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, March 7 – Barclays Bank plc priced $1.2 million phoenix autocallable notes due March 4, 2020 linked to the least performing of the iShares MSCI EAFE exchange-traded fund, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annualized rate of 8.05% if each asset closes at or above the coupon barrier, 65% of its initial level, on the observation date for that month. Otherwise, no coupon will be paid for that month.

After six months, the notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any observation date other than the final one. If the notes are not called and each asset finishes at or above the 60% barrier level, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the lowest performing asset is less than its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying assets:	iShares MSCI EAFE exchange-traded fund, Russell 2000 index and Nasdaq-100 index
Amount:	$1.2 million
Maturity:	March 4, 2020
Coupon:	8.05%, payable monthly if each asset closes at or above coupon barrier on observation date for that month
Price:	Par of $10.00
Payout at maturity:	Par unless any asset finishes below barrier price, in which case 1% loss for every 1% final share price of least performing asset is less than initial price
Call:	Automatically at par plus contingent coupon if each asset closes at or above its initial level on any observation date after six months other than the final one
Initial share prices:	$60.34 for ETF 5,330.31 for Nasdaq, 1,386.68 for Russell
Coupon barriers:	$39.22 for ETF, 3,464.70 for Nasdaq, 901.34 for Russell, 65% of initial prices
Barrier prices:	$36.20 for ETF, 3,198.19 for Nasdaq, 832.01 for Russell, 60% of initial prices
Pricing date:	Feb. 28
Settlement date:	March 3
Agent:	Barclays
Fees:	1.25%
Cusip:	06741VML3

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