Barclays plans 8.25%–8.75% phoenix autocalls on Home Depot, Lowe’s

By Susanna Moon

Chicago, June 12 – Barclays Bank plc plans to price phoenix autocallable notes due June 18, 2021 linked to the least performing of the common stocks of Home Depot, Inc. and Lowe’s Cos., Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.25% to 8.75% if each underlying asset closes at or above its 70% coupon barrier on the observation date for that quarter.

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 other than the final date beginning with the second date.

The payout at maturity will be par unless either underlying asset finishes below its 70% 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 June 15 and settle on June 20.

The Cusip number is 06746XEX7.

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