Barclays plans phoenix autocallables due 2019 linked to Disney, CBS

By Susanna Moon

Chicago, July 21 – Barclays Bank plc plans to price phoenix autocallable notes due Jan. 29, 2019 linked to the lesser performing of the common stock of Walt Disney Co. and the class B common stock of CBS Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8% if each stock close at or above the coupon barrier level, 70% of the initial share price, on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if each stock close at or above the initial price on any observation date other than the final date.

The payout at maturity will be par plus the contingent coupon unless either stock finishes below the 70% trigger level, in which case investors will be fully exposed to any losses of the worse performing stock.

Barclays is the underwriter.

The notes will price on July 24 and will settle on July 29.

The Cusip number is 06741WAZ3.

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