Barclays to price phoenix autocallables on tech, manufacturing stocks

By Marisa Wong

Morgantown, W.Va., Oct. 17 – Barclays Bank plc plans to price phoenix autocallable notes due Oct. 22, 2020 linked to the least performing of the common stocks of General Electric Co., United Technologies Corp. and Honeywell International, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.85% if each stock closes at or above its coupon barrier, 70% of its initial price, on the related quarterly observation date.

The notes will be called at par plus the contingent coupon if each stock closes at or above its initial price on any quarterly observation date.

The payout at maturity will be par unless any stock finishes below its 70% barrier level, in which case investors will receive par plus the return of the worst performing stock.

Barclays is the agent.

The notes will price on Oct. 18.

The Cusip number is 06744CE98.

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