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Barclays plans 9.5%-10.5% coupon autocallables tied to three stocks
By Susanna Moon
Chicago, July 11 – Barclays Bank plc plans to price 9.5% to 10.5% autocallable notes due July 31, 2019 linked to the least performing of the ConocoPhillips, Chevron Corp. and Marathon Oil 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 the 50% trigger level, in which case investors will be fully exposed to any losses.
Barclays is the agent.
The notes will price on July 26 and settle on July 29.
The Cusip number is 06741V5W8.
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