Barclays plans 8.75% buffer phoenix autocalls on oil, financial funds

By Susanna Moon

Chicago, July 11 – Barclays Bank plc plans to price buffered phoenix autocallable notes due Jan. 29, 2026 linked to the SPDR S&P Oil & Gas Exploration & Production ETF and the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.75% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any call valuation date other than the final date beginning with the 12th date.

The payout at maturity will be par unless either underlying asset falls by more than 20%, in which case investors will be exposed to any losses of the worse performing fund beyond the 20% buffer.

Barclays is the agent.

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

The Cusip number is 06746XHG1.

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