New Issue: Barclays prices $1.14 million contingent coupon barrier notes tied to Russell, S&P

By William Gullotti

Buffalo, N.Y., Jan. 2 – Barclays Bank plc priced $1.14 million of contingent coupon barrier notes due Dec. 24, 2026 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes pay a contingent semiannual coupon at an annualized rate of 7.3% if each index closes at or above its coupon barrier level, 70% of its initial level, on the related observation date.

If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the final coupon.

Otherwise, investors will be fully exposed to the decline of the least-performing index from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Contingent coupon barrier notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$1,142,000
Maturity:	Dec. 24, 2026
Contingent coupon:	7.3% per year, payable semiannually if each index closes at or above coupon barrier on related quarterly observation date
Price:	Par
Payout at maturity:	If each index finishes at or above barrier level, par plus final coupon; otherwise, full exposure to losses of least-performing index from its initial level
Initial levels:	4,746.75 for S&P, 2,017.065 for Russell
Coupon barriers:	3,322.73 for S&P, 1,411.95 for Russell; 70% of initial levels
Barrier levels:	3,322.73 for S&P, 1,411.95 for Russell; 70% of initial levels
Pricing date:	Dec. 21
Settlement date:	Dec. 27
Agent:	Barclays
Fees:	3.3%
Cusip:	06745P4T5

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