New Issue: Barclays sells $4.47 million contingent income autocallables on S&P, Russell

By Taylor Fox

New York, Dec. 18 – Barclays Bank plc priced $4.47 million of contingent income autocallable securities due Dec. 15, 2022 linked to the worst performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a contingent quarterly payment of 8% per annum if each index closes at or above the barrier level, which is 75% of the initial index level, on a quarterly determination date.

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

If the notes are not called and the final index level is greater than or equal to the 75% downside threshold level, the payout at maturity will be par plus the final contingent quarterly coupon. Otherwise, investors will be fully exposed to the worst performing index's decline from its 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, Russell 2000 index
Amount:	$4,470,000
Maturity:	Dec. 15, 2022
Coupon:	8% annual rate, if each index closes at or above barrier level on a quarterly determination date
Price:	Par
Payout at maturity:	If final index level for both indexes is greater than or equal to downside threshold level, par plus final contingent quarterly coupon; otherwise, investors will be fully exposed to worst performing index's decline from its initial level
Call:	At par plus contingent quarterly coupon if each index closes at or above initial index level on any quarterly redemption determination date
Initial index levels:	1,911.697 for Russell and 3,663.46 for S&P
Coupon barrier levels:	1,433.773 for Russell and 2,747.595 for S&P, 75% of initial level
Downside threshold levels:	1,433.773 for Russell and 2,747.595 for S&P, 75% of initial level
Pricing date:	Dec. 11
Settlement date:	Dec. 16
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	1%
Cusip:	06747QT64

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