Barclays plans 9%-10% phoenix autocalls tied to Nasdaq-100, Dow

By Susanna Moon

Chicago, Nov. 21 – Barclays Bank plc plans to price phoenix autocallable notes due Nov. 29, 2019 linked to the lesser performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9% to 10% if each underlying asset closes at or above its 75% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its 105% call level on any call valuation date other than the final date beginning with the second date.

The payout at maturity will be par unless either underlying asset ever closes below its 75% trigger level, in which case investors will be exposed to any losses of the worse performing index.

Barclays is the agent.

The notes will price on Nov. 30.

The Cusip number is 06746XWZ2.

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