Barclays to price 9.5%-10.5% autocallables linked to four tech stocks

By Angela McDaniels

Tacoma, Wash., April 1 – Barclays Bank plc plans to price autocallable notes due April 30, 2019 linked to the least performing of the class A common stock of Alphabet Inc., the common stock of Amazon.com, Inc., the class A common stock of Facebook, Inc. and the common stock of Netflix, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The interest rate is expected to be 9.5% to 10.5% per year and will be set at pricing. Interest will be payable monthly.

The notes will be automatically 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 the final share price of the least-performing stock is less than its barrier price, 50% of its initial share price, in which case investors will be fully exposed to the decline of the least-performing stock.

Barclays is the agent.

The notes will price April 26.

The Cusip number is 06741U6Z2.

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