New Issue: Barclays prices $211,000 autocallable notes tied to Russell, S&P

By Wendy Van Sickle

Columbus, Ohio, March 9 – Barclays Bank plc priced $211,000 of 0% autocallable notes due March 4, 2020 linked to the lesser performing index of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par plus 9% annualized premium if each index closes above its initial level on any semiannual call date.

The payout at maturity will be par unless either index finishes below its initial level and either index has finished below its 70% knock-in level during the life of the notes, in which case investors will be fully exposed to the decline of the laggard index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Russell 2000 index, S&P 500 index
Amount:	$211,000
Maturity:	March 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par unless final level of the least-performing underlying is less than initial level and either index has closed below 70% knock-in level during life of notes; otherwise, 1% loss for each 1% decline of the least-performing index
Call:	At par plus 9% annualized premium if each index closes above initial level on any semiannual call date
Initial levels:	1,512.45 for Russell and 2,713.83 for S&P
Knock-in levels:	1,058.72 for Russell and 1,889.68 for S&P, 70% of initial levels
Pricing date:	Feb. 28
Settlement date:	March 5
Agent:	Barclays
Fees:	1.05%
Cusip:	06744CU25

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