Barclays to price phoenix autocallable notes due 2025 on three stocks

By Sarah Lizee

Olympia, Wash., Dec. 9 – Barclays Bank plc plans to price phoenix autocallable notes due Dec. 12, 2025 linked to the least performing of the common stocks of Procter & Gamble Co., Verizon Communications Inc. and General Mills, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate of 10.5% if each stock closes at or above its 60% coupon barrier on the observation date for that period.

After six months, the notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any monthly observation date prior to maturity.

The payout at maturity will be par unless any stock finishes below its 60% barrier, in which case investors will be fully exposed to the decline of the worst performing stock.

Barclays is the agent.

The notes will price on Dec. 10.

The Cusip number is 06747NVW1.

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