Barclays plans phoenix autocallables due 2020 linked to three stocks

By Tali Rackner

Minneapolis, May 18 – Barclays Bank plc plans to price phoenix autocallable notes due May 29, 2020 linked to the lesser performing of the common stocks of Ford Motor Co., Southwest Airlines Co. and eBay Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly contingent coupon at an annual rate of 9% to 10% if each underlying stock closes at or above its 50% coupon barrier on the observation date for that month. The exact contingent coupon rate will be set at pricing.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial level on any observation date.

The payout at maturity will be par unless any stock finishes below its 50% barrier, in which case investors will lose 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

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

The Cusip number is 06741VT51.

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