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Barclays plans to price phoenix autocallables linked to three indexes
By Sarah Lizee
Olympia, Wash., Feb. 15 – Barclays Bank plc plans to price phoenix autocallable notes due March 1, 2029 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 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 7.75% if each underlying asset closes at or above its 75% coupon barrier on the related quarterly observation date.
The notes will be called at par plus the contingent coupon if each asset closes at or above its initial level on any quarterly call valuation date after one year.
The payout at maturity will be par unless any underlying asset falls by more than 25%, in which case investors will be exposed to any losses of the worst performing index from its initial level.
Barclays is the agent.
The notes will price on Feb. 25.
The Cusip number is 06747MEL6.
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