Barclays to price phoenix autocallable notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., June 12 – Barclays Bank plc plans to price phoenix autocallable notes due June 16, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent semiannual coupon at an annual rate of 9% to 9.5% if the index closes at or above its 75% coupon barrier on the related semiannual observation date.

The notes will be called at par if the index closes at or above its initial level on any semiannual observation date prior to maturity.

The payout at maturity will be par unless the index finishes below its 75% barrier level, in which case investors will be exposed to any losses.

Barclays is the agent.

The notes will price on June 13.

The Cusip number is 06746XFB4.

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