New Issue: Barclays prices $954,000 of contingent income autocallables linked to indexes

By Wendy Van Sickle

Columbus, Ohio, Oct. 25 – Barclays Bank plc priced $954,000 of contingent income autocallable securities due Oct. 23, 2023 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 6.75% if each index closes at or above the 65% coupon barrier level on the related observation date.

Starting on April 18, 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 65% 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:	$954,000
Maturity:	Oct. 23, 2023
Coupon:	6.75% annualized for each quarter that all indexes close at or above coupon barrier levels on observation date
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 April 18, 2019
Initial levels:	7,116.088 for Nasdaq, 1,560.752 for Russell and 2,768.78 for S&P
Coupon barriers:	4,625.457 for Nasdaq, 1,324.183 for Russell and 1,799.707 for S&P, 65% of initial levels
Downside thresholds:	4,625.457 for Nasdaq, 1,324.183 for Russell and 1,799.707 for S&P, 65% of initial levels
Pricing date:	Oct. 18
Settlement date:	Oct. 23
Agent:	Barclays
Distributor:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	06746XRZ8

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