New Issue: Barclays sells $5.85 million step-down trigger autocalls on S&P, Russell

By Sarah Lizee

Olympia, Wash., June 3 – Barclays Bank plc priced $5.85 million of 0% step-down trigger autocallable notes due May 31, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Starting June 1, 2020, the notes will be called at par plus a call return of 8.3% a year if each index closes at or above its initial level on a quarterly 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:	$5,850,340
Maturity:	May 31, 2024
Coupon:	0%
Price:	Par of $10
Call:	Starting June 1, 2020, at par plus a call return of 8.3% a year if each index closes at or above its initial level on a quarterly observation date or at or above its 70% trigger level on the final valuation date
Payout at maturity:	If notes are not called, full exposure to the decline of the worse performing index
Initial levels:	1,489.952 for Russell and 2,783.02 for S&P
Trigger levels:	1,042.966 for Russell, 1,948.11 for S&P; 70% of initial levels
Pricing date:	May 29
Settlement date:	May 31
Underwriters:	UBS Financial Services Inc. and Barclays
Fees:	2.5%
Cusip:	06747B571

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