Barclays to price phoenix autocallable notes on Nasdaq, Dow

By Sarah Lizee

Olympia, Wash., May 18 – Barclays Bank plc plans to price phoenix autocallable notes due Nov. 30, 2021 linked to the least 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 14% if each index closes at or above its 75% coupon barrier on a related observation date.

The notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly call observation date after six months.

The payout at maturity will be par plus the coupon, unless either index finishes below 75% of its initial value, in which case investors will be fully exposed to the decline of the least performing index.

Barclays is the agent.

The notes will price on May 29.

The Cusip number is 06747PU80.

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