New Issue: Barclays sells $10.79 million contingent income autocallables on three indexes

By Wendy Van Sickle

Columbus, Ohio, May 22 – Barclays Bank plc priced $10.79 million of contingent income autocallable securities due May 23, 2023 linked to the least performing of the Nikkei 225 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent payment at an annual rate of 9.85% if each index closes at or above its 75% coupon barrier level on the observation date for that quarter.

After six months, the notes will be automatically called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final date.

If each index finishes at or above its 65% downside threshold level, the payout at maturity will be par plus the final contingent coupon, if any.

Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	Nikkei 225, Russell 2000, Euro Stoxx 50
Amount:	$10,789,000
Maturity:	May 23, 2023
Coupon:	9.85% annualized, payable each quarter that each index closes at or above coupon barrier on review date for that quarter
Price:	Par
Payout at maturity:	If each index finishes at or above downside threshold, par plus contingent coupon, if any; otherwise, 1% loss for each 1% decline of worst performing index
Call:	After six months, automatically at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date other than the final date
Initial levels:	22,930.36 for Nikkei, 1,546.558 for Russell, 3,573.76 for Stoxx
Coupon barriers:	17,197.7 for Nikkei, 1,219.972 for Russell, 2,680.32 for Stoxx; 75% of initial levels
Downside thresholds:	14,904.734 for Nikkei, 1,057.309 for Russell, 2,322.944 for Stoxx 65% of initial levels
Pricing date:	May 18
Settlement date:	May 23
Agent:	Barclays
Fees:	3%
Cusip:	06746XC43

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