Barclays plans 13.5%-14.5% two-year autocallables on energy stocks

By Susanna Moon

Chicago, June 14 – Barclays Bank plc plans to price 13.5% to 14.5% autocallable notes June 28, 2019 linked to the common stocks of Marathon Oil Corp., Southwestern Energy Co. and Valero Energy Corp., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each stock closes at or above its initial level on any review date.

The payout at maturity will be par unless any stock finishes below its 50% trigger level, in which case investors will be fully exposed to any losses of the worst performing stock.

Barclays is the agent.

The notes will price on June 27 and settle on June 30.

The Cusip number is 06741VXS6.

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