Barclays plans 11%-12% phoenix autocalls linked to four tech stocks

By Susanna Moon

Chicago, May 10 – Barclays Bank plc plans to price phoenix autocallable notes due May 27, 2021 linked to the least performing of the common stocks of Amazon.com Inc., Facebook, Inc., Alphabet, Inc. and Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 11% to 12% if each underlying asset closes at or above its 50% coupon barrier on the observation date for that month.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any call valuation date.

The payout at maturity will be par unless any underlying asset finishes below its 50% trigger level, in which case investors will be exposed to any losses of the worse performing stock.

Barclays is the agent.

The notes will price on May 24 and settle on May 30.

The Cusip number is 06746XAC7.

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