Barclays to price phoenix autocallables linked to Dow, Russell 2000

New York, April 5 – Barclays Bank plc plans to price phoenix autocallable notes due April 18, 2023 linked to the lesser performing of the Dow Jones Industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 7.75% per year if each index closes at or above its coupon barrier level, 80% of its initial level, on the observation date for that month. Otherwise, no coupon will be paid for that month.

Beginning in April 2019, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date other than the final one.

If the notes are not called and each index finishes at or above its barrier level, 80% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.

Barclays is the agent.

The notes will price April 13 and settle on April 18.

The Cusip number is 06746X5R0.

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