Barclays plans 5.65% contingent coupon autocalls on three indexes

By Susanna Moon

Chicago, Aug. 27 – Barclays Bank plc plans to price contingent coupon autocallable notes due Feb. 28, 2020 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 5.65% if each index closes at or above its 65% coupon barrier on the observation date for that quarter.

The notes will be called at par if each asset closes at or above its initial level on any call valuation date other than the final date beginning with the second date.

If the notes are not called, the payout at maturity will be par unless any index ever closes below its 65% trigger level during the life of the notes, in which case investors will be exposed to any losses of the worst performing index.

Barclays is the agent.

The notes will price on Aug. 28 and settle on Aug. 31.

The Cusip number is 06746XN58.

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