Barclays plans buffered autocallable contingent coupon notes on tech stocks

By Emma Trincal

New York, Oct. 21 – Barclays Bank plc plans to price buffered autocallable contingent coupon notes due Nov. 8, 2024 linked to the least performing of the common stocks of Amazon.com, Inc., Advanced Micro Devices, Inc. and Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at a 13.25% annualized rate if the lowest stock closes at or above its 70% coupon barrier value on the related observation date.

The notes will be callable in whole at par plus any coupon due on any quarterly observation date.

The payout at maturity will be par if the lowest stock finishes above 70% of initial level. Otherwise, investors will lose 1% for each 1% decline of that stock beyond the 30% buffer.

Barclays is the agent.

The notes will price on Nov. 5 and settle on Nov. 10.

The Cusip number is 06748WNV1.

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