New Issue: Barclays prices $1 million of phoenix autocallables tied to Russell 2000

By Wendy Van Sickle

Columbus, Ohio, July 18 – Barclays Bank plc priced $1 million of phoenix autocallable notes due July 19, 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 9.75% if the index closes at or above its coupon barrier, 87% 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 quarterly observation date other than the final date beginning in January 2018.

The payout at maturity will be par unless the index finishes below its 70% 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 million
Maturity:	July 19, 2022
Coupon:	9.75% per year, payable quarterly if index closes at or above 87% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon if index finishes at or above 70% trigger level; otherwise, full exposure to decline
Call:	At par plus contingent coupon if index closes at or above initial level on any quarterly observation date other than final date beginning in January 2018
Initial level:	1,428.82
Coupon barrier:	1,243.07, 87% of initial level
Trigger:	1,000.17, 70% of initial level
Pricing date:	July 14
Settlement date:	July 19
Agent:	Barclays
Fees:	None
Cusip:	06744CBR1

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