Barclays plans to price phoenix autocallables linked to three stocks

By Devika Patel

Knoxville, Tenn., Dec. 19 – Barclays Bank plc plans to price phoenix autocallable notes due Dec. 31, 2018 linked to the common stocks of Morgan Stanley, Home Depot, Inc. and United Continental Holdings, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon at an annual rate of 8.5% to 9.5% if the worst performing stock closes at or above the barrier price, 50% 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 monthly observation date from March 2017 until September 2018, the notes will be called at par of $1,000 plus the contingent coupon.

The payout at maturity will be par plus the contingent coupon unless the worst performing stock finishes below its 50% barrier price, in which case investors will lose 1% for each 1% decline of the worst performing stock.

Barclays is the agent.

The notes (Cusip: 06741VEW8) will price on Dec. 27 and settle on Dec. 30.

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