Barclays plans buffered phoenix autocallables linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, March 14 – Barclays Bank plc plans to price buffered phoenix autocallable notes due March 23, 2022 linked to the least performing of the common stock of Nvidia Corp., Skyworks Solutions, Inc. and Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 14% if each stock closes at or above its 60% coupon barrier on the observation date for that quarter.

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 observation date prior to maturity.

The payout at maturity will be par unless any stock falls by more than 20%, in which case investors will be exposed to declines of the worst performing stock beyond 20%.

Barclays is the agent.

The notes will price on March 15.

The Cusip number is 06747MJR8.

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