Barclays to price autocallable range accrual notes tied to Tesla Motors

By Susanna Moon

Chicago, Nov. 10 – Barclays Bank plc plans to price autocallable range accrual notes due Nov. 22, 2017 linked to Tesla Motors, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will accrue at 9% annualized for each day that Tesla Motors shares close at or above the barrier level, 55% of the initial price. Interest will be payable monthly.

The notes will be called if the stock closes at or above its initial level on any quarterly call valuation date.

The payout at maturity will be par unless the stock finishes below the 55% barrier level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on Nov. 17 and settle on Nov. 20.

The Cusip number is 06741ULT9.

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