New Issue: Barclays prices $1.63 million autocallable contingent coupon barrier notes on indexes, ETF

By Wendy Van Sickle

Columbus, Ohio, April 24 – Barclays Bank plc priced $1.63 million of autocallable contingent coupon barrier notes due April 22, 2027 linked to the least performing of the Utilities Select Sector SPDR Fund, the Nasdaq-100 index and the Russell 2000 index,, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each asset closes at or above its coupon barrier level, 70% of its initial level, on the review date for that period, plus any previously unpaid coupon.

After one year, the notes will be automatically called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly review date.

If the notes have not been called and each asset finishes at or above its coupon barrier, the payout at maturity will be par plus the final coupon.

Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable contingent coupon barrier notes
Underlying assets:	Utilities Select Sector SPDR Fund, Russell 2000 index, Nasdaq-100 index
Amount:	$1,626,000
Maturity:	April 22, 2027
Coupon:	8% annual rate, payable quarterly if each asset closes at or above coupon barrier level on review date for that period, plus any previously unpaid coupon
Price:	Par
Payout at maturity:	If each asset finishes at or above coupon barrier, par plus final coupon; otherwise, lose 1% for each 1% decline of worst performer from initial level
Call:	Automatically at par plus contingent coupon if each asset closes at or above initial level on any quarterly review date after one year
Initial levels:	1,942.958 for Russell, 17,394.31 for Nasdaq, $64.44 for ETF
Coupon barrier:	1,262.92 for Russell, 11,306.3 for Nasdaq, $41.89 for ETF; 65% of initial levels
Trigger levels:	1,262.92 for Russell, 11,306.3 for Nasdaq, $41.89 for ETF; 65% of initial levels
Pricing date:	April 18
Settlement date:	April 23
Agent:	Barclays
Fees:	2%
Cusip:	06745QKC2

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