Barclays plans autocallable notes due 2029 tied to three indexes

By Sarah Lizee

Olympia, Wash., June 12 – Barclays Bank plc plans to price 0% autocallable notes due June 28, 2029 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus an annual call premium of 8.25% if on any annual call valuation date the each index’s level is greater than or equal to its applicable call level. The call level for each index is 100% of its initial level for every call valuation date except for the final one, when it will be 80% of its initial level.

If the notes are not called, the payout will be par, unless any index finishes below 65% of its initial level, in which case investors will be fully exposed to the decline of the least performing index from its initial level.

Barclays is the agent.

The notes will price on June 25.

The Cusip number is 06747MXX9.

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