Barclays to price 8%-9% autocallable notes tied to four tech stocks

By Marisa Wong

Morgantown, W.Va., Aug. 21 – Barclays Bank plc plans to price 8% to 9% autocallable notes Aug. 30, 2019 linked to the least performing of the common stocks of Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly. The exact coupon rate 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 determination date.

The payout at maturity will be par unless any stock finishes below its 60% barrier price, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

The notes are expected to price Aug. 28.

The Cusip number is 06744CEH0.

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