Barclays to price phoenix autocallable notes tied to three indexes

By Sarah Lizee

Olympia, Wash., Aug. 14 – Barclays Bank plc plans to price phoenix autocallable notes due Aug. 23, 2029 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, 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% if each index closes at or above its 80% coupon barrier on a related quarterly observation date.

After six months, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index ever finishes below 80% of its initial level, in which case investors will be exposed to the decline of the worst performing index.

Barclays is the agent.

The notes will price on Aug. 19.

The Cusip number is 06747ND50.

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