New Issue: Barclays prices $1.73 million phoenix autocallable notes linked to indexes

By Wendy Van Sickle

Columbus, Ohio, Sept. 8 – Barclays Bank plc priced $1.73 million of phoenix autocallable notes due Sept. 7, 2028 linked to the least performing of the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 7.5% if each underlier closes at or above its 70% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if each underlier closes at or above its initial level on any quarterly call observation date after one year.

The payout at maturity will be par plus the final coupon if each underlier finishes at or above its coupon barrier. If the laggard index finishes below the coupon barrier but at or above the 55% final barrier, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying assets:	Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:	$1,731,000
Maturity:	Sept. 7, 2028
Coupon:	7.5% annualized, payable quarterly if each underlier closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par plus final coupon if each underlier finishes at or above its coupon barrier; par if laggard index finishes below coupon barrier but not below final barrier; otherwise, 1% loss for each 1% decline of the worst performer from initial level
Call:	Automatically at par plus contingent coupon if each underlier closes at or above initial level on any quarterly call observation date after one year
Initial levels:	34,837.71 for Dow, 1,920.825 for Russell, 4,515.77 for S&P
Coupon barriers:	24,386.4 for Dow, 1,344.58 for Russell, 3,161.04 for S&P; 70% of initial levels
Final barriers:	19,160.74 for Dow, 1,056.45 for Russell, 2,483.67 for S&P; 55% of initial levels
Pricing date:	Sept. 1
Settlement date:	Sept. 7
Agent:	Barclays
Fees:	2.65%
Cusip:	06745NC95

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