Barclays plans contingent income autocallables linked to three indexes

By Marisa Wong

Madison, Wis., June 12 – Barclays Bank plc plans to price contingent income autocallable securities due July 6, 2022 linked to the worst performing of the MSCI Emerging Markets index, the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.7625% if each index closes at or above its coupon barrier level, 75% of its initial level, on the observation date for that quarter. The exact coupon will be set at pricing.

The notes will be called at par if each index closes at or above its initial level on any determination date other than the final determination date.

The payout at maturity will be par unless any index finishes below its downside threshold level, 55% of the initial level, in which case investors will be fully exposed to the decline of the worst-performing index.

Barclays is the agent.

The notes will price on June 30 and settle on June 6.

The Cusip number is 06743N496.

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