Barclays plans to price autocallable notes linked to four stocks

By Wendy Van Sickle

Columbus, Ohio, Sept. 9 – Barclays Bank plc plans to price autocallable notes due Oct. 2, 2019 linked to the least performing of the commons stocks of Facebook, Inc., Amazon.com, Inc., Netflix, Inc. and Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 10% to 11% if each stock closes at or above its barrier level, 60% of its initial level, on the observation date for that month.

The notes will be called at par if each stock closes above its initial level on any quarterly call valuation date.

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

Barclays is the agent.

The notes will price Sept. 27.

The Cusip number is 06741VAJ1.

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