New Issue: Barclays prices $2.05 million annual autocallable notes on S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, March 12 – Barclays Bank plc priced $2.05 million of 0% annual autocallable notes due March 12, 2024 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 automatically called at par plus 9.25% per year if both indexes close at or above their initial levels on any annual call date.

If the notes are not called and the final level of the lesser-performing index is at least 80% of its initial level, the payout at maturity will be par. Otherwise, investors will be exposed to the decline of the lesser-performing index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,053,000
Maturity:	March 12, 2024
Coupon:	0%
Price:	Par
Call:	Par plus call premium of 9.25% per year if both indexes finish at or above their initial levels on any annual call date
Payout at maturity:	Par if final level of the lesser-performing index is at least 80% of the initial share price; otherwise, exposure to decline beyond 20%
Initial levels:	2,748.93 for S&P 500, 1,523.63 for Russell 2000
Pricing date:	March 7
Settlement date:	March 12
Agent:	Barclays
Fees:	0.55%
Cusip:	06747MFK7

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