New Issue: Barclays prices $1.36 million autocallable buffered range accrual notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 31 – Barclays Bank plc priced $1.36 million of autocallable buffered range accrual notes due Feb. 28, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 5% for each day that each index closes at or above the 80% barrier level. Interest will be payable monthly.

The payout at maturity will be par unless the laggard index falls by more 20%, and investors will be exposed to any losses of the lesser-performing index beyond 20%.

The notes will be called at par plus the coupon if each index closes at or above its initial level on any quarterly observation date after one year.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autoallable buffered range accrual notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$1,359,000
Maturity:	Feb. 28, 2025
Coupon:	5% times proportion of days on which each index closes at or above coupon barrier level; payable monthly
Price:	Par
Payout at maturity:	Par if lesser-performing index falls by up to 20%; exposure to losses of laggard index beyond 20% buffer
Call:	At par plus coupon if each index closes at or above initial level on any quarterly observation date after one year
Initial index levels:	1,382.23 for Russell and 2,444.24 for S&P
Barrier levels:	1,105.78 for Russell and 1,955.39 for S&P; 80% of initial levels
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	Barclays
Fees:	4%
Cusip:	06744CFF3

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