New Issue: Barclays prices $13.3 million 5.45% autocallable notes tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, Jan. 31 – Barclays Bank plc priced $13.3 million of 5.45% autocallable notes due July 30, 2019 linked to the lesser performing index of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par plus the coupon for the preceding quarter if each index closes above its initial level on July 23, 2018 or Jan. 23, 2019.

If the notes are not called and the final level of the least-performing underlying is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for each 1% decline of the least-performing index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Russell 2000 index, S&P 500 index
Amount:	$13,295,000
Maturity:	July 30, 2019
Coupon:	5.45%, payable quarterly
Price:	Par
Payout at maturity:	If the final level of the least-performing underlying is at least 80% of its initial level, par; otherwise, 1.25% loss for each 1% decline of the least-performing index beyond 20%
Call:	At par plus coupon if each index closes above initial level on July 23, 2018 or Jan. 23, 2019
Initial levels:	1,599.61 for Russell and 2,837.54 for S&P
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Agent:	Barclays
Fees:	0.05%
Cusip:	06744CTP6

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