New Issue: Barclays prices $1.05 million phoenix autocallables tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, May 9 – Barclays Bank plc priced $1.05 million of phoenix autocallable notes due May 10, 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% 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 plus the contingent coupon if the index closes at or above its initial level on any observation 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 77% barrier 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:	$1.05 million
Maturity:	May 10, 2022
Coupon:	10% annualized payable quarterly if index closes at or above coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless index finishes below barrier, in which case 1% loss for every 1% decline
Call:	At par plus contingent coupon if index closes at or above initial level on any observation date other than final date beginning with the second observation date
Initial index level:	1,397.00
Coupon barrier:	1,187.45, 85% of initial level
Barrier level:	1,075.69, 77% of initial level
Pricing date:	May 5
Settlement date:	May 10
Agent:	Barclays
Fees:	None
Cusip:	06741VUQ3

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