New Issue: Barclays prices $4.65 million contingent income autocallables on S&P, Russell, Nasdaq

By Wendy Van Sickle

Columbus, Ohio, May 16 – Barclays Bank plc priced $4.65 million of contingent income autocallable securities due Nov. 13, 2020 linked to the least 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.

Each quarter, the notes will pay a contingent coupon at the rate of 10.35% per year if each index closes at or above its coupon barrier level, 80% of its initial level, on the determination date for that quarter.

Beginning Nov. 11 the notes will be automatically called at par if each index closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par unless any index finishes below its downside threshold level, 75% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index declines from its initial level.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	Barclays Bank plc
Issue:	Contingent income autocallable securities
Underlying indexes:	Nasdaq-100, Russell 2000 and S&P 500
Amount:	$4.65 million
Maturity:	Nov. 13, 2020
Coupon:	10.35% per year, payable quarterly if each index closes at or above coupon barrier level on determination date for that quarter
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case 1% loss for every 1% that least-performing index declines from initial level
Call:	Beginning Nov. 11, automatically at par if each index closes at or above initial level on any quarterly determination date
Initial levels:	7,617.55 for Nasdaq, 1,574.975 for Russell 2000 and 2,879.42 for S&P 500
Coupon barriers:	6,094.04 for Nasdaq, 1,259.98 for Russell 2000 and 2,303.536 for S&P 500, or 80% of initial levels
Downside thresholds:	5,713.163 for Nasdaq, 1,181.231 for Russell 2000 and 2,159.565 for S&P 500, or 75% of initial levels
Pricing date:	May 9
Settlement date:	May 14
Agent:	Barclays
Selected dealer:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	06747MTP1

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