New Issue: Barclays prices $4.96 million stepdown autocallables linked to Euro Stoxx Banks

By Angela McDaniels

Tacoma, Wash., May 26 – Barclays Bank plc priced $4.96 million of 0% stepdown annual autocallable notes due May 27, 2022 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 10% per year if the index closes at or above its call level on any of five annual call valuations dates. The call level is 100% of the initial index level for the first four valuation dates and 60% of the initial index level for the final valuation date.

If the notes are not called, that means the final index level is less than 60% of the initial index level. In this case, investors will lose 1% for every 1% that the final index level is less than the initial index level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Stepdown annual autocallable notes
Underlying index:	Euro Stoxx Banks
Amount:	$4,956,000
Maturity:	May 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Full exposure to index’s decline from initial level
Call:	Automatically at par plus 10% per year if index closes at or above call level on May 25, 2018, May 24, 2019, May 26, 2020, May 24, 2021 or May 24, 2022
Initial index level:	135.52
Call levels:	100% of initial index level on first four call valuation dates and 81.31, or 60% of initial index level, on final call valuation date
Pricing date:	May 24
Settlement date:	May 30
Agent:	Barclays
Fees:	1.25%
Cusip:	06741VWF5

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