Barclays to price buffered phoenix autocalls tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., March 19 – Barclays Bank plc plans to price buffered phoenix autocallable notes due Sept. 30, 2026 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 6.15% if each underlying asset closes at or above its 80% coupon barrier on the observation date for that month.

The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any monthly call valuation date after one year.

The payout at maturity will be par unless either underlying asset falls by more than 20%, in which case investors will be exposed to any losses of the worse performing index beyond the 20% buffer.

Barclays is the agent.

The notes will price on March 26.

The Cusip number is 06747MK21.

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