Barclays plans 8% autocallable notes tied to four construction stocks

By Marisa Wong

Morgantown, W.Va., June 15 – Barclays Bank plc plans to price 8% autocallable notes June 19, 2020 linked to the least performing of the common stocks of Deere & Co., Caterpillar Inc., Fluor Corp. and United Technologies Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par 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 62% barrier level, 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 June 16.

The Cusip number is 06741WCM0.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.