Barclays plans autocallable notes on Rite Aid, CVS, Walgreens stocks

By Jennifer Chiou

New York, Feb. 4 – Barclays Bank plc plans to price 10.5% autocallable notes due Aug. 12, 2016 linked to the least performing of three stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Rite Aid Corp., CVS Health Corp. and Walgreens Boots Alliance, Inc.

Interest is payable monthly.

The notes will be called at par plus the coupon if each stock closes at or above its initial price on any of the quarterly call valuation dates beginning on May 11, 2015.

If the notes are not called and each stock finishes at or above the barrier price, 70% of the initial price, the payout at maturity will be par.

Otherwise, investors will receive a number of shares of the least-performing stock equal to $1,000 divided by its initial price or, at the issuer’s option, par plus the return of the least-performing stock.

The notes (Cusip: 06741UQL1) will price on Feb. 9 and settle on Feb. 12.

Barclays is the agent.

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