Barclays plans to price phoenix autocallables linked to three stocks

By Devika Patel

Knoxville, Tenn., Sept. 6 – Barclays Bank plc plans to price phoenix autocallable notes due Sept. 13, 2020 linked to the common stocks of CVS Health Corp., Nike Inc. and Facebook Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 9.55% if the worst performing stock closes at or above the coupon barrier price, 70% of the initial price, on the observation date for that month.

If the worst performing stock closes at or above its initial price on any quarterly call observation date, beginning in December 2017 and ending in June 2020, the notes will be called at par of $1,000 plus the contingent coupon.

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

Barclays is the agent.

The notes (Cusip: 06744C3W9) will price on Sept. 8 and settle on Sept. 13.

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