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Barclays to price autocallable notes linked to Nike, Under Armour
By Wendy Van Sickle
Columbus, Ohio, May 18 – Barclays Bank plc plans to price autocallable notes due Nov. 29, 2017 linked to the least performing of the common stocks of Nike, Inc. and Under Armour, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 8.25% if each stock closes at or above its barrier level, 65% of its initial level, on the observation date for that month.
The notes will be called at par if each stock closes above its initial level on any quarterly call valuation date.
The payout at maturity will be par unless any stock finishes below its barrier, in which case investors will be fully exposed to the decline of the least performing stock.
Barclays is the agent.
The notes will price May 25 and settle May 31.
The Cusip number is 06741WBU3.
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