Barclays to price 8.15% phoenix autocallable notes on index, ETF

By Sarah Lizee

Olympia, Wash., Oct. 8 – Barclays Bank plc plans to price phoenix autocallable notes due Oct. 15, 2021 linked to the lesser performing of the MSCI EAFE index and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.15% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that period.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly observation date other than the final date beginning on the second date.

The payout at maturity will be par unless either underlying asset ever closes below its 70% trigger level during the life of the notes, in which case investors will be exposed to any losses of the worse performing asset.

Barclays is the agent.

The notes will price on Oct. 10.

The Cusip number is 06746XTW3.

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