New Issue: Barclays sells $3.55 million step-down trigger autocalls on S&P, Russell

By Sarah Lizee

Olympia, Wash., Dec. 11 – Barclays Bank plc priced $3.55 million of 0% step-down trigger autocallable notes due Dec. 11, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 11.7% a year if each index closes at or above its initial level on an annual observation date or at or above its 70% trigger level on the final valuation date.

The payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.

UBS Financial Services Inc. and Barclays are the agents.

Issuer:	Barclays Bank plc
Issue:	Step-down trigger autocallable notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$3.55 million
Maturity:	Dec. 11, 2023
Coupon:	0%
Price:	Par of $10
Call:	At par plus 11.7% annualized if each index closes at or above its call threshold level on any call observation date; call threshold is equal to initial index levels for every call observation date except for final date, when threshold will be 70% of initial levels
Payout at maturity:	If notes are not called, full exposure to the decline of the worse performing index
Initial levels:	1,477.412 for Russell and 2,695.95 for S&P
Trigger levels:	1,034.188 for Russell, 1,887.17 for S&P; 70% of initial levels
Pricing date:	Dec. 7
Settlement date:	Dec. 12
Underwriters:	UBS Financial Services Inc. and Barclays
Fees:	None
Cusip:	06746V271

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