Barclays plans trigger phoenix autocallables on Euro Stoxx, Russell

By Susanna Moon

Chicago, June 17 – Barclays Bank plc plans to price trigger phoenix autocallable optimization securities due June 30, 2020 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 7.75% to 8.25% if each index closes at or above its coupon barrier level, 65% of its initial level, on the observation date for that quarter.

The notes will be called at par of $10 if each index closes at or above its initial level on any quarterly observation date after one year.

If the notes are not called and each index finishes at or above its 65% trigger level, the payout at maturity will be par plus the final contingent coupon.

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

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on June 26 and settle on June 30.

The Cusip number is 06743N488.

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