Barclays plans to price phoenix autocallables linked to three stocks

By Angela McDaniels

Tacoma, Wash., Sept. 23 – Barclays Bank plc plans to price phoenix autocallable notes due Sept. 30, 2019 linked to the common stocks of CVS Health Corp., Starbucks Corp. and Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at the rate of 9% per year if each stock closes at or above its coupon barrier price, 65% of its initial share price, on the observation date for that month.

The notes will be automatically called at par if each stock closes at or above the initial share price on any quarterly observation date other than the final one.

If the notes are not called and each stock finishes at or above its barrier price, 60% of its initial share price, the payout will be par. Otherwise, investors will have one-to-one exposure to the decline of the least-performing stock.

Barclays is the agent.

The notes will price Sept. 27.

The Cusip number is 06741VBZ4.

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