New Issue: Barclays sells $5.42 million step-down trigger autocalls on Russell, S&P

By Devika Patel

Knoxville, Tenn., Dec. 24 – Barclays Bank plc priced $5.42 million of 0% step-down trigger autocallable notes due Dec. 10, 2024 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par of $10 plus 8.6% per year if each index closes at or above its initial level on any quarterly observation date or they all close at or above the 65% downside threshold on Dec. 5, 2024.

If the notes are not subject to an automatic call, then the final level of at least one index will be less than its downside threshold and investors will be exposed to the decline of the lesser-performing index from its initial level.

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:	$5,421,610
Maturity:	Dec. 10, 2024
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Full exposure to decline of lesser-performing index from initial level
Call:	At par plus 8.6% per year if each index closes at or above its initial level on any quarterly observation date or each closes at or above downside threshold on Dec. 5, 2024
Initial index levels:	1,614.833 for Russell and 3,117.43 for S&P
Downside thresholds:	1,049.641 for Russell and 2,026.33 for S&P; 65% of initial levels
Pricing date:	Dec. 5
Settlement date:	Dec. 10
Agents:	UBS Financial Services Inc. and Barclays
Fees:	None
Cusip:	06747E625

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