Barclays plans to price phoenix autocalls tied to Russell 2000 index

By Sarah Lizee

Olympia, Wash., March 6 – Barclays Bank plc plans to price phoenix autocallable notes due March 13, 2024 linked to 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 7.5% to 8% if the underlying asset 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 the asset closes at or above its initial level on any call valuation date after one year.

The payout at maturity will be par unless the underlying asset finishes below its 70% barrier level, in which case investors will be exposed to any losses.

Barclays is the agent.

The notes will price on March 8 and settle on March 13.

The Cusip number is 06747MH25.

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