Barclays plans two-year barrier autocallables tied to four tech stocks

By Susanna Moon

Chicago, May 17 – Barclays Bank plc plans to price 0% autocallable notes May 31, 2019 linked to the least performing of the class A common stock of Facebook, Inc., the common stock of Amazon.com, Inc., the common stock of Netflix, Inc. and the class C common stock of the Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par an annual call premium of 8.25% to 9.25% if each stock closes at or above its initial level on any quarterly determination date.

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will be fully exposed to any losses of the worst performing stock.

Barclays is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 06741VT69.

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