Barclays plans phoenix autocallables notes due 2022 on Russell 2000

New York, March 16 – Barclays Bank plc plans to price phoenix autocallable notes due March 24, 2022 linked to 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 annualized rate of 9.2% if the index closes at or above the coupon barrier on the quarterly observation date. The coupon barrier will be 80% to 83% of the initial level, with the exact percentage to be set at pricing.

Beginning in September 2017, the notes will be called at par plus the contingent coupon if the index closes at or above its initial level on any quarterly observation date prior to maturity.

The payout at maturity will be par plus the contingent coupon unless the index finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the index.

Barclays is the agent.

The notes will price on March 21 and settle on March 24.

The Cusip number is 06741VPF3.

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