Barclays plans phoenix autocallable notes linked to indexes, fund

By Susanna Moon

Chicago, Feb. 9 – Barclays Bank plc plans to price phoenix autocallable notes due Feb. 21, 2020 linked to the worst performing of the Russell 2000 index, the S&P 500 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 10.5% if each component closes at or above its coupon barrier, 75% of its initial level, on an observation date for that quarter.

The notes will be called at par plus the contingent coupon if each component closes at or above its initial level on any quarterly observation date other than the final date.

If the notes are not called and each component finishes at or above its 75% barrier level, the payout at maturity will be par plus the contingent coupon.

Otherwise, investors will be exposed to any losses of the worst performing component.

Barclays is the underwriter.

The notes will price on Feb. 18 and settle on Feb. 21.

The Cusip number is 06741UQW7.

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