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Barclays plans 9.1%-10.1% three-year autocalls tied to tech stocks
By Susanna Moon
Chicago, April 11 – Barclays Bank plc plans to price 9.1% to 10.1% autocallable notes due April 29, 2021 linked to the least performing of the class A common stock of Facebook, Inc., the common stocks of Amazon.com, Inc. and Apple Inc. and the class C common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly, with the exact rate to be set at pricing.
The notes will be called at par if each stock closes at or above its initial level on any quarterly call date.
The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will lose 1% for each 1% decline of the worst performing stock.
Barclays is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 06746X4L4.
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