New Issue: Barclays prices $450,000 buffered contingent coupon autocallables on indexes

By Susanna Moon

Chicago, July 27 – Barclays Bank plc priced $450,000 of buffered autocallable contingent coupon notes due July 23, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annualized rate of 7.05% if each index closes at or above its 75% coupon barrier on the observation date for that month.

The notes will be called at par if each index closes at or above its initial level on any interest review date after one year.

The payout at maturity will be par plus the final coupon unless either index falls by more than 25%, in which case investors will be exposed to the decline of the worse performing index beyond the buffer.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered autocallable contingent coupon notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$450,000
Maturity:	July 23, 2024
Contingent coupon:	7.05% per year, payable monthly if each underlying index closes at or above 75% coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	If each index gains or falls by up to 25%, par; otherwise, exposure to losses of worse performing index beyond 25%
Call:	At par if each index closes at or above its initial level on any quarterly review date from July 2018 through April 2024
Initial levels:	2,460.61 for S&P, 1,427.61 for Russell
Coupon barrier:	75% of initial levels
Pricing date:	July 18
Settlement date:	July 21
Agent:	Barclays
Fees:	0.5%
Cusip:	06744CBM2

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