Barclays to price phoenix autocallable notes linked to three ETFs

New York, July 19 – Barclays Bank plc plans to price phoenix autocallable notes due April 23, 2021 linked to the least performing of the SPDR S&P MidCap 400 ETF Trust, the Technology Select Sector SPDR Fund and the SPDR S&P Biotech exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at a rate of 9.6% to 10.6% per year if each ETF closes at or above its coupon barrier price, 70% of its initial share price, on the related quarterly observation date.

Starting Jan. 20, 2018, the notes will be automatically called at par if each ETF closes at or above its initial share price on any quarterly determination date except the final one.

The payout at maturity will be par unless any ETF finishes below its barrier level, 70% of its initial price, in which case investors will lose 1% for each 1% decline of the worst-performing ETF.

Barclays is the agent.

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

The Cusip number is 06744CCQ2.

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