New Issue: Barclays prices $1.83 million of contingent income autocallables linked to indexes

By Devika Patel

Knoxville, Tenn., Oct. 10 – Barclays Bank plc priced $1.83 million of contingent income autocallable securities due April 1, 2021 linked to the worst performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 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 9.7% on the determination date for that quarter if each index closes at or above the 80% coupon barrier level on each trading day of the determination period.

Starting on March 28, 2019, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any of the quarterly determination dates other than the final one.

The payout at maturity will be par plus the final coupon, if any, unless any index finishes below the 75% downside threshold level, in which case investors will lose 1% for each 1% decline of the worst performing index.

Barclays is the agent, with Morgan Stanley Wealth Management handling distribution.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$1.83 million
Maturity:	April 1, 2021
Coupon:	9.7% annualized for each quarter that all indexes close at or above coupon barrier levels on each trading day of the quarter
Price:	Par of $1,000
Payout at maturity:	Par plus any contingent coupon if each index finishes at or above downside threshold level; otherwise, 1% loss for each 1% decline of worst performing index
Call:	At par plus contingent payment if each index closes at or above initial level on any of the determination dates other than the final one, starting March 28, 2019
Initial levels:	7,627.65 for Nasdaq, 1,696.571 for Russell and 2,913.98 for S&P
Coupon barriers:	6,102.12 for Nasdaq, 1,357.257 for Russell and 2,331.184 for S&P, 80% of initial levels
Downside thresholds:	5,720.738 for Nasdaq, 1,272.428 for Russell and 2,185.485 for S&P, 75% of initial levels
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	Barclays
Fees:	2%
Cusip:	06746XSZ7

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