New Issue: Barclays sells $1.5 million phoenix autocallable notes on Russell 2000

By William Gullotti

Buffalo, N.Y., July 26 – Barclays Bank plc priced $1.5 million of phoenix autocallable notes due May 30, 2025 linked to the performance of the Russell 2000 index, according to a 424B2 filing with Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.85% if the index closes at or above its 85% coupon barrier on a related observation date.

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

The payout at maturity will be par unless the index finishes below 70% of its initial value in which case investors will be fully exposed to the losses of the index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	Russell 2000 index
Amount:	$1,500,000
Maturity:	May 30, 2025
Coupon:	9.85% annualized, payable quarterly if index closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless underlying index finishes below final barrier, in which case full exposure to loss of index
Call:	At par plus contingent coupon if underlying index closes at or above initial level on any quarterly call observation date
Initial level:	2,268.972
Coupon barrier:	1,928.63; 85% of initial level
Final barrier:	1,588.28; 70% of initial level
Pricing date:	May 28
Settlement date:	June 3
Agent:	Barclays
Fees:	None
Cusip:	06748ESV6

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