New Issue: Barclays prices $12.57 million phoenix autocallables linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – Barclays Bank plc priced $12.57 million of phoenix autocallable notes due Nov. 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 14% if the index closes at or above its 80% coupon barrier on the related monthly observation date.

The notes will be called automatically at par plus the contingent coupon if the index closes at or above its initial level on any monthly call valuation date after three months.

The payout at maturity will be par unless the index finishes below its 80% barrier level, in which case investors will lose 1% for each 1% decline below the initial level.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	S&P 500 index
Amount:	$12,565,000
Maturity:	Nov. 4, 2021
Coupon:	14% annual rate, payable monthly if index closes at or above coupon barrier on observation date for that month
Price:	Par
Payout at maturity:	Par if index finishes at or above barrier price; otherwise, full exposure to losses
Call:	Automatically at par plus contingent coupon if index closes at or above initial level on a monthly observation date after three months
Initial share price:	3,269.96
Coupon barrier/barrier levels:	2,615.97, 80% of initial price
Pricing date:	Oct. 30
Settlement date:	Nov. 4
Underwriters:	Barclays
Fees:	1.25%
Cusip:	06747QPE1

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