New Issue: Barclays sells $3.16 million step-down trigger autocalls on Dow, EAFE

By Sarah Lizee

Olympia, Wash., May 14 – Barclays Bank plc priced $3.16 million of 0% step-down trigger autocallable notes due May 14, 2024 tied to the Dow Jones industrial average and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 9.75% a year if each index closes at or above its initial level on an annual observation date or at or above its 65% 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:	Dow Jones industrial average and MSCI EAFE index
Amount:	$3,164,000
Maturity:	May 14, 2024
Coupon:	0%
Price:	Par of $10
Call:	At par plus 9.75% 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 65% of initial levels
Payout at maturity:	If notes are not called, full exposure to the decline of the worse performing index
Initial levels:	25,828.36 for Dow, 1,860.04 for EAFE
Trigger levels:	16,788.43 for Dow, 1,209.03 for EAFE; 65% of initial levels
Pricing date:	May 10
Settlement date:	May 15
Underwriters:	UBS Financial Services Inc. and Barclays
Fees:	None
Cusip:	06747B753

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