Barclays to price phoenix autocallables linked to ETF, two indexes

By Marisa Wong

Morgantown, W.Va., May 25 – Barclays Bank plc plans to price phoenix autocallable notes due May 30, 2025 linked to the least performing of the Euro Stoxx 50 index, the Russell 2000 index and the iShares MSCI Japan exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at an annual rate of 8.4% if each underlying 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 underlying closes at or above its initial level on any observation date prior to maturity.

The payout at maturity will be par unless any underlying finishes below its 70% barrier, in which case investors will be fully exposed to the decline of the worst performing underlying.

Barclays is the agent.

The notes will price on May 29.

The Cusip number is 06746XD26.

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