Barclays to price phoenix autocallables due 2020 tied to three ETFs

New York, April 17 – Barclays Bank plc plans to price phoenix autocallable notes due April 24, 2020 linked to the least performing of the PowerShares QQQ Trust, Series 1, the Financial Select SPDR Fund and the VanEck Vectors Gold Miners exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a semi-annual contingent coupon at an annual rate of 10.75% to 11.25% if each fund closes at or above its coupon barrier price, 70% of its initial level, on a semi-annual observation date. The contingent coupon rate will be set at pricing.

The notes will be automatically called at par if each fund closes at or above its initial level on any observation date other than the final one.

If the notes are not called and the final level of each underlier is greater than its 70% barrier price, the payout will be par. Otherwise, investors will have one-to-one exposure to the decline of the least-performing underlier.

Barclays is the agent.

The notes will price on April 20 and settle on April 25.

The Cusip number is 06746F102.

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