Barclays to price phoenix autocallable notes tied to indexes, ETF

By Sarah Lizee

Olympia, Wash., April 3 – Barclays Bank plc plans to price phoenix autocallable notes due April 14, 2021 linked to the lesser performing of the Nasdaq-100 index, the Russell 2000 index and the SPDR Dow Jones Industrial Average ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 9.75% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that period.

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

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

Barclays is the agent.

The notes will price on April 9.

The Cusip number is 06747MNG7.

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