New Issue: Barclays sells $1.41 million five-year annual autocalls tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 27 – Barclays Bank plc priced $1.41 million of 0% annual autocallable notes due Dec. 22, 2023 linked to the lesser performing of 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 an annual call premium of 9.05% if each asset closes at or above its initial level on any call valuation date after one year.

If the notes are not called, the payout at maturity will be par unless either underlying asset closes below its 60% barrier level, in which case investors will be exposed to any losses of the worse performing index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying assets:	S&P 500 index, Russell 2000 index
Amount:	$1,405,000
Maturity:	Dec. 22, 2023
Coupon:	0%
Price:	Par
Call:	At par plus an annual call premium of 9.05% if each asset closes at or above its initial level on any call valuation date after one year
Payout at maturity:	Par unless either asset falls by more than 40%, in which case 1% loss per 1% decline of the worse performing index
Initial levels:	2,506.96 for S&P and 1,349.23 for Russell
Barrier levels:	1,504.18 for S&P, 809.54 for Russell, 60% of initial levels
Pricing date:	Dec. 19
Settlement date:	Dec. 24
Agent:	Barclays
Fees:	4.125%
Cusip:	06746XZC0

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