New Issue: Barclays sells $1.84 million phoenix autocallable notes on S&P 500

By William Gullotti

Buffalo, N.Y., Aug. 17 – Barclays Bank plc priced $1.84 million of phoenix autocallable notes due Aug. 14, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8% if the index closes at or above its 70% coupon barrier on a related observation date.

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

The payout at maturity will be par unless the index finishes below 70% of its initial value in which case investors will be fully exposed to the losses of the index.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying index:	S&P 500 index
Amount:	$1,839,000
Maturity:	Aug. 14, 2025
Coupon:	8% annualized, payable monthly if index closes at or above coupon barrier on related observation date
Price:	Par
Payout at maturity:	Par unless underlying index finishes below final barrier, in which case full exposure to loss of index
Call:	At par plus contingent coupon if underlying index closes at or above initial level on any monthly call observation date after six months
Initial level:	4,468.83
Coupon barrier:	3,128.18; 70% of initial level
Final barrier:	3,128.18; 70% of initial level
Pricing date:	Aug. 10
Settlement date:	Aug. 15
Agent:	Barclays
Fees:	0.6%
Cusip:	06745MZZ4

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