Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Chevron Corp. > News item |
Barclays to price 10%-11% autocallables linked to three oil stocks
By Angela McDaniels
Tacoma, Wash., Oct. 4 – Barclays Bank plc plans to price autocallable notes due Oct. 31, 2018 linked to the least performing of the common stocks of ConocoPhillips, Chevron Corp. and Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is expected to be 10% to 11%. Interest will be payable monthly.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly call valuation date.
The payout at maturity will be par unless any stock finishes below its barrier price, 50% of its initial share price, in which case investors will receive par minus 1% for every 1% that the worst-performing stock declines from its initial share price.
Barclays is the agent.
The notes will price Oct. 26.
The Cusip number is 06741VCA8.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.