New Issue: Barclays sells $500,000 phoenix autocallables tied to SPDR S&P Oil & Gas

By Susanna Moon

Chicago, Aug. 14 – Barclays Bank plc priced $730,000 of phoenix autocallable notes due Aug. 13, 2019 linked to 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 pay a contingent quarterly coupon at an annual rate of 6.2% if the fund closes at or above its 70% coupon barrier on the observation date for that quarter.

The notes will be called at par if the fund stock closes at or above its initial level on any quarterly observation date.

If the notes are not called, the payout at maturity will be par unless the fund finishes below its 60% trigger level, in which case investors will lose 1% for each 1% decline.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Phoenix autocallable notes
Underlying asset:	SPDR S&P Oil & Gas Exploration & Production ETF
Amount:	$500,000
Maturity:	Aug. 13, 2019
Coupon:	6.2% per year, payable quarterly if fund closes at or above 70% coupon barrier on observation date for that quarter
Price:	Par
Payout at maturity:	Par unless fund finishes below 60% trigger, in which case 1% loss for each 1% decline
Call:	At par if fund closes at or above its initial level on any quarterly observation date other than the final date beginning with the second observation date
Initial level:	$30.71
Coupon barrier:	$21.50, 70% of initial level
Trigger level:	$18.43, 60% of initial level
Pricing date:	Aug. 8
Settlement date:	Aug. 11
Agent:	Barclays
Fees:	2.7%
Cusip:	06744CGL9

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