Barclays to price phoenix autocallables tied to Facebook, Vertex, Citi

By Marisa Wong

Morgantown, W.Va., March 21 – Barclays Bank plc plans to price phoenix autocallable notes due March 15, 2021 linked to the least performing of the common stocks of Facebook, Inc., Vertex Pharmaceuticals Inc. and Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 14.25% if each stock closes at or above its 60% coupon barrier on the related quarterly observation date.

The notes will be called at par if each stock closes at or above its initial price on any quarterly review date prior to maturity.

The payout at maturity will be par unless any stock finishes below its 50% barrier price, in which case investors will be fully exposed to the decline of the worst performing stock.

Barclays is the agent.

The notes will price on March 22.

The Cusip number is 06741WED8.

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