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

By Angela McDaniels

Tacoma, Wash., Feb. 21 – Barclays Bank plc plans to price autocallable notes due Feb. 28, 2019 linked to the least performing of the class C common stock of Alphabet Inc., the common stock of Amazon.com, Inc., the class 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 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, 60% 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 Feb. 23.

The Cusip number is 06741VJN3.

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