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Barclays plans 10%-11% two-year autocallables linked to three stocks
By Susanna Moon
Chicago, Feb. 3 – Barclays Bank plc plans to price autocallable notes due Feb. 28, 2019 linked to the least performing of the commons stocks of Marathon Oil Corp., Chevron Corp. and Valero Energy Corp., 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%. The exact rate will be set at pricing.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly call valuation date.
The payout at maturity will be par unless any stock finishes below its barrier level, 50% of its initial share price, in which case investors will lose 1% for each 1% decline of the worst performing stock.
Barclays is the agent.
The notes will price on Feb. 23 and settle on Feb. 28.
The Cusip number is 06741VJQ6.
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