New Issue: Barclays prices $6.98 million trigger autocallable notes linked to index basket

By Wendy Van Sickle

Columbus, Ohio, Oct. 17 – Barclays Bank plc priced $6.98 million of 0% trigger autocallable notes due Oct. 21, 2019 linked to an equally weighted basket containing 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 of $10 plus an annualized call return of 7% if the basket closes at or above the initial level on any quarterly observation date after six months.

If the notes are not called, the payout at maturity will be par unless the basket finishes below the downside threshold level, 85% of the initial level, in which case investors will be fully exposed to any losses.

Barclays and UBS Financial Services Inc. are the agents.

Issuer:	Barclays Bank plc
Issue:	Trigger autocallable notes
Basket components:	Russell 2000 index and S&P 500 index, equal weights
Amount:	$6,983,600
Maturity:	Oct. 21, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if basket index falls by up to 15%; full exposure to loss if basket falls by more than 15%
Call:	At par plus annualized call return of 7% if basket closes at or above the initial level on any quarterly observation date after six months
Initial levels:	1,502.658 for Russell, 2,553.17 for S&&P
Downside threshold:	85% of initial level
Pricing date:	Oct. 13
Settlement date:	Oct. 18
Agents:	Barclays and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	06746M263

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