Barclays plans 8.1% contingent income autocalls tied to two indexes

By Susanna Moon

Chicago, Nov. 29 – Barclays Bank plc plans to price contingent income autocallable securities due Dec. 3, 2025 linked to the least performing of the S&P 500 index and the Russell 2000 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 8.1% if each index closes at or above its 80% coupon barrier on the determination date for that quarter.

The notes will be called at par on any determination date after six months.

The payout at maturity will be par unless either underlying index finishes below its 70% downside threshold, in which case investors will be fully exposed to any losses of the worse performing index.

Barclays Securities (USA) LLC is the underwriter with Morgan Stanley Wealth Management as the dealer.

The notes will price on Nov. 30.

The Cusip number is 06746XYN7.

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