Barclays plans autocallable notes tied to four financial sector stocks

By Marisa Wong

Madison, Wis., Jan. 22 – Barclays Bank plc plans to price 9% autocallable notes due July 29, 2016 linked to the least performing of four stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying stocks are Bank of America Corp., Citigroup Inc., Wells Fargo & Co. and JPMorgan Chase & Co.

Interest is payable monthly.

The notes will be called at par plus the coupon if each stock closes at or above its initial price on any of the quarterly call valuation dates beginning on April 27.

If the notes are not called and each stock finishes at or above the barrier price, 70% of the initial price, the payout at maturity will be par.

Otherwise, investors will receive a number of shares of the least-performing stock equal to $1,000 divided by its initial price or, at the issuer’s option, par plus the return of the least-performing stock.

Barclays is the agent.

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

The Cusip number is 06741UPX6.

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