Barclays plans 11% to 12% coupon autocallables tied to three stocks

By Susanna Moon

Chicago, Jan. 5 – Barclays Bank plc plans to price 11% to 12% autocallable notes due Jan. 30, 2020 linked to the least performing of 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 quarterly determination date.

The payout at maturity will be par unless any stock finishes below its 50% 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 Jan. 26 and will settle on Jan. 31.

The Cusip number is 06744CQT1.

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