New Issue: Barclays sells $6.64 million contingent income autocalls on Nasdaq, S&P, Russell

By Taylor Fox

New York, Nov. 6 – Barclays Bank plc priced $6.64 million of contingent income autocallable securities due Oct. 12, 2023 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above the downside threshold level, 80% of its initial level, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of 11%.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly determination date.

If the final level of each index is greater than or equal to the 80% downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final level of the least performing index is less than the initial level.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	S&P 500 index, Nasdaq-100 index, Russell 2000 index
Amount:	$6,642,000
Maturity:	Oct. 12, 2023
Coupon:	11% per year, payable quarterly if each index closes at or above downside threshold level on determination date for that quarter
Price:	Par
Payout at maturity:	If final level of each index is greater than or equal to downside threshold level, par plus final contingent coupon; otherwise, 1% loss for every 1% that final level of least performing index is less than initial level
Call:	At par plus contingent coupon if index closes at or above initial level on any determination date other than final determination date
Initial levels:	11,725.85 for Nasdaq, 3,477.13 for S&P and 1,637.545 for Russell
Downside thresholds:	9,380.680 for Nasdaq, 2,781.704 for S&P and 1,310.036 for Russell; 80% of initial levels
Pricing date:	Oct. 9
Settlement date:	Oct. 15
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	06747QMC8

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