Barclays plans three-year phoenix autocalls tied to four tech stocks

By Susanna Moon

Chicago, April 11 – Barclays Bank plc plans to price phoenix autocallable notes due April 29, 2021 linked to the least performing of the class A common stock of Facebook, Inc., the common stocks of Amazon.com, Inc. and Netflix, Inc. and the class C common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 12.5% to 13.5% if each underlying stock closes at or above its 50% coupon barrier on the observation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any quarterly call valuation date.

The payout at maturity will be par unless any underlying stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

Barclays is the agent.

The notes will price on April 25 and settle on April 30.

The Cusip number is 06746X4N0.

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