New Issue: Barclays sells $10.67 million 7.4% buffered fixed-coupon autocalls on S&P, Russell

By William Gullotti

Buffalo, N.Y., March 14 – Barclays Bank plc priced $10.67 million of buffered autocallable fixed-coupon notes due Sept. 11, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semiannual coupon at an annual rate of 7.4%.

The notes will be automatically called at par plus the coupon if each index closes at or above its initial level on any semiannual valuation date.

If the notes are not called and each index finishes at or above 75% of its initial level, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1.333333% for each 1% decline of the least-performing index beyond the 25% buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable fixed-coupon notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$10,673,000
Maturity:	Sept. 11, 2025
Coupon:	7.4% annually, paid semiannually
Price:	Par
Payout at maturity:	Par plus final coupon unless any index finishes below buffer level, in which case 1.333333% loss for each 1% decline of the least-performing index beyond 25%
Call:	At par plus coupon if each index closes at or above initial level on any semiannual valuation date
Initial levels:	2,053.708 for Russell, 4,386.54 for S&P
Buffer levels:	1,540.28 for Russell, 3,808.99 for S&P; 75% of initial levels
Strike date:	March 5
Pricing date:	March 7
Settlement date:	March 12
Agent:	Barclays
Fees:	0.525%
Cusip:	06745Q7M5

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