New Issue: Barclays sells $3.7 million phoenix autocallable notes on Russell 2000

By Marisa Wong

Morgantown, W.Va., April 1 – Barclays Bank plc priced $3.7 million of phoenix autocallable notes due March 13, 2024 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 7.72% if the index closes at or above its 70% coupon barrier on a related quarterly observation date.

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

The payout at maturity will be par unless the index falls by more than 30%, in which case investors will be exposed to the index decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	Russell 2000
Amount:	$3.7 million
Maturity:	March 13, 2024
Coupon:	7.72% annualized, payable quarterly if index closes at or above coupon barrier on related quarterly observation date
Price:	Par
Payout at maturity:	Par plus contingent coupon unless index falls by more than 30%, in which case full exposure to losses
Call:	After one year, at par plus contingent coupon if index closes at or above initial level on any quarterly observation date other than final date
Initial level:	1,521.88
Coupon barrier:	1,065.32, 70% of initial level
Final barrier:	1,065.32, 70% of initial level
Pricing date:	March 8
Settlement date:	March 13
Agent:	Barclays
Fees:	None
Cusip:	06747MH25

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