Barclays to price phoenix autocallables linked to Google, Comcast, CVS

By Angela McDaniels

Tacoma, Wash., Aug. 12 – Barclays Bank plc plans to price phoenix autocallable notes due Aug. 24, 2018 linked to the least performing of the class A common stock of Google Inc., the class A common stock of Comcast Corp. and the common stock of CVS Health Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Each month, the notes will pay a contingent coupon at an annual rate of 8% if each stock closes at or above its coupon barrier level, 70% of its initial share price, on the observation date for that month.

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

The payout at maturity will be par unless any stock finishes below its barrier level, 60% of its initial share price, in which case investors will lose 1% for every 1% that the final share price of the worst-performing stock is less than its initial share price.

Barclays is the agent.

The notes will price Aug. 21 and settle Aug. 26.

The Cusip number is 06741UE59.

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