Barclays to price phoenix autocallables on Visa, Mastercard, Amex

By Marisa Wong

Morgantown, W.Va., June 20 – Barclays Bank plc plans to price phoenix autocallable notes due June 28, 2021 linked to the least performing of the common stocks of Visa Inc., Mastercard Inc. and American Express Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each underlying stock closes at or above its 65% coupon barrier on the related quarterly observation date.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly observation date prior to maturity.

The payout at maturity will be par unless any underlying stock finishes below its 65% barrier, in which case investors will be fully exposed to any losses of the worst performing stock.

Barclays is the agent.

The notes will price on June 21.

The Cusip number is 06746XFV0.

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