Barclays plans autocallable notes due 2025 on Trailblazer Sectors 5

By Sarah Lizee

Olympia, Wash., Oct. 9 – Barclays Bank plc plans to price 0% autocallable notes due Oct. 30, 2025 linked to the Barclays Trailblazer Sectors 5 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annual call premium of 7% if on any annual call valuation date the index level is greater than or equal to the applicable call level. The call level is 102% on the first call valuation date of Oct. 28, 2019, stepping up by 200 basis points each year to 112% on the final call observation date.

The payout at maturity will be par plus any index gain.

If the index finishes flat or falls, the payout will be par.

Barclays is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 06746XTD5.

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