Barclays to price 10%-11% autocallable notes linked to four stocks

By Devika Patel

Knoxville, Tenn., Dec. 19 – Barclays Bank plc plans to price autocallable notes due Dec. 31, 2019 linked to the least performing of the commons stocks of Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 10% to 11%. The exact rate will be set at pricing.

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 level, 60% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

The notes (Cusip: 06741VEL2) will price Dec. 27 and settle on Dec. 30.

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