New Issue: Barclays sells $1.36 million annual autocallables on S&P 500, oil fund

By Susanna Moon

Chicago, July 28 – Barclays Bank plc priced $1.36 million of 0% annual autocallable notes due July 28, 2021 linked to the least performing of the S&P 500 index and the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 12.5% if each underlying asset closes at or above its initial level on any of four annual call valuation dates.

If the notes are not called, the payout at maturity will be par plus the digital percentage of 10% unless either underlying asset finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the worse performing component.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Annual autocallable notes
Underlying assets:	S&P 500 index, SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$1,355,000
Maturity:	July 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying component finishes at or above 60% barrier, par plus 10%; otherwise, 1% loss for each 1% decline of worse performing component
Call:	At par plus 12.5% per year if each underlying asset closes at or above its initial level on July 23, 2018, July 22, 2019, July 21, 2020 or final valuation date
Initial levels:	2,472.54 for S&P, $31.65 for oil fund
Barriers:	1,483.52 for S&P, $18.99 for oil fund; 60% of initial levels
Pricing date:	July 21
Settlement date:	July 28
Agent:	Barclays
Fees:	2.9%
Cusip:	06744CAZ4

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