Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valero Energy Corp. > News item |
Barclays plans 10%-11% autocallable notes tied to three energy stocks
By Marisa Wong
Morgantown, W.Va., May 24 – Barclays Bank plc plans to price 10% to 11% autocallable notes May 31, 2019 linked to the least performing of the common stocks of Marathon Oil Corp., Chevron Corp. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly. The exact rate will be set at pricing.
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 55% 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 May 25.
The Cusip number is 06741VTS1.
© 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.