Barclays plans phoenix autocallables tied to two indexes, ETF

New York, Dec. 4 – Barclays Bank plc plans to price phoenix autocallable notes due Dec. 12, 2019 linked to the worst performing of the Dow Jones industrial average, the S&P MidCap 400 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If each underlying asset closes at or above its 75% coupon barrier on any quarterly observation date, the notes will pay a contingent coupon at an annualized rate of 10.25% for that quarter.

The notes are callable at par on any quarterly observation date if the closing level of each underlying asset is equal to or greater than its initial level.

If the notes are not called, the payout at maturity will be par plus the contingent coupon unless the worst-performing asset finishes below the 75% trigger level, in which case investors will be exposed to the decline of the worst-performing asset.

Barclays Capital Inc. is the distributor.

The notes will price on Dec. 9 and settle on Dec. 12.

The Cusip number is 06741JY45.

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