New Issue: Barclays prices $13.12 million 10.3% phoenix autocalls tied to Russell

By Susanna Moon

Chicago, April 24 – Barclays Bank plc priced $13.12 million of phoenix autocallable notes due April 24, 2023 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 10.3% if the underlying asset closes at or above its 85% coupon barrier 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 call valuation date other than the final date after one year.

The payout at maturity will be par unless the index finishes below its 70% trigger level, in which case investors will be exposed to any losses.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying asset:	Russell 2000 index
Amount:	$13,119,000
Maturity:	April 24, 2023
Coupon:	10.3% annualized, payable quarterly if underlying asset closes at or above 85% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par plus contingent coupon unless index finishes below 70% trigger, in which case 1% loss per 1% decline
Call:	At par plus contingent coupon asset closes at or above initial level on any call valuation date other than final date beginning with the fourth date
Call option:	At par on any interest payment date
Initial level:	1,573.82
Coupon barrier:	1,337.75, 85% of initial level
Trigger level:	1,101.67, 70% of initial level
Pricing date:	April 19
Settlement date:	April 24
Agent:	Barclays
Fees:	None
Cusip:	06746X5T6

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