New Issue: Barclays prices $531,000 autocallable notes tied to Alaska Air, Southwest

By Wendy Van Sickle

Columbus, Ohio, July 16 – Barclays Bank plc priced $531,000 of 14.8% autocallable notes due July 11, 2023 linked to the least performing stock of the common stocks of Alaska Air Group, Inc. and Southwest Airlines Co., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

The notes will be automatically called at par if each stock closes above its initial level on any quarterly observation date after six months.

If the notes are not called, investors will receive par if each stock finishes above it 60% final barrier level and will be fully exposed to the decline of the worst performing stock otherwise.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Autocallable notes
Underlying assets:	Alaska Air Group, Inc. and Southwest Airlines Co.
Amount:	$531,000
Maturity:	July 11, 2023
Coupon:	14.8%, payable quarterly
Price:	Par
Payout at maturity:	Par unless final level of the least-performing stock is less than barrier level, in which case 1% loss for each 1% decline of the least-performing stock
Call:	At par if each stock closes above initial level on any quarterly call observation date after six months
Initial levels:	$36.49 for Alaska, $34.12 for Southwest
Barrier levels:	$21.89 for Alaska, $20.47 for Southwest, 60% of initial levels
Pricing date:	July 6
Settlement date:	July 9
Agent:	Barclays
Fees:	2.8%
Cusip:	06741WJC5

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