New Issue: Barclays sells $1.28 million phoenix autocallables tied to Russell 2000

By Susanna Moon

Chicago, April 20 – Barclays Bank plc priced $1.28 million of phoenix autocallable notes due April 18, 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 annual rate of 10.25% if the index closes at or above its coupon barrier, 85% of its initial level, on the observation date for that quarter.

The notes will be called at par if the index closes at or above its initial level on any quarterly determination date other than the final date beginning with the second observation date.

The payout at maturity will be par unless the index finishes below its 78% trigger level, in which case investors will lose 1% for each 1% decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	Russell 2000
Amount:	$1,275,000
Maturity:	April 18, 2022
Coupon:	10.25%, payable quarterly if index closes at or above its coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless index finishes below its trigger level, in which case investors will lose 1% for each 1% decline
Call:	At par if index closes at or above its initial level on any quarterly determination date other than the final date beginning with the second observation date
Initial level:	1,359.20
Coupon barrier:	1,155.32, 85% of initial level
Trigger level:	1,060.18, 78% of initial level
Pricing date:	April 12
Settlement date:	April 18
Agent:	Barclays
Fees:	None
Cusip:	06741VRP9

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