Barclays plans phoenix autocallables due 2026 tied to four indexes

By Sarah Lizee

Olympia, Wash., May 28 – Barclays Bank plc plans to price phoenix autocallable notes due June 3, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8% if each index closes at or above its 56.6% coupon barrier on a related observation date.

After one year, the notes will be called at par plus the contingent coupon if each index closes at or above its initial level on any quarterly observation date other than the final date.

The payout at maturity will be par unless any index finishes below 60% of its initial level, in which case investors will be exposed to the decline of the worst performing index.

Barclays is the agent.

The notes will price on May 29.

The Cusip number is 06747MW36.

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