Barclays plans phoenix autocallables tied to Dow, Russell, Nasdaq

Chicago, Nov. 21 – Barclays Bank plc plans to price phoenix autocallable notes due Dec. 2, 2020 linked to the lesser performing of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 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 13.2% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial value on any observation date.

The payout at maturity will be par unless the least performing underlying asset closes below its 80% barrier level, in which case investors will be exposed to any losses of the worst performing underlier.

Barclays is the agent.

The notes will price on Nov. 27.

The Cusip number is 06746XZ22.

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