Barclays plans 10.25%-12.25% autocallables linked to internet stocks

By Angela McDaniels

Tacoma, Wash., Jan. 8 – Barclays Bank plc plans to price autocallable notes due Jan. 29, 2019 linked to the least performing of the common stocks of Alphabet Inc., Amazon.com, Inc., Facebook, Inc. and Netflix, Inc., according to a 424B2 filing with the Notes and Exchange Commission.

The notes will pay a coupon monthly. The rate is expected to be 10.25% to 12.25% per year and will be set at pricing.

The notes will be called at par if each stock closes at or above its initial 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 or, at the issuer’s option, a number of shares of the worst-performing stock equal to $1,000 divided by that stock’s initial share price.

Barclays is the agent.

The notes will price Jan. 26.

The Cusip number is 06741WBJ8.

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