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Barclays plans 10%-11% autocallable notes linked to three oil stocks
By Devika Patel
Knoxville, Tenn., Jan. 5 – Barclays Bank plc plans to price autocallable notes due Jan. 31, 2019 linked to the least performing of the common stocks of ConocoPhillips Co., Chevron Corp. and Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly coupon at an annualized rate of 10% to 11%.
The notes will be called at par if each stock closes above its initial level on any quarterly call valuation date.
The payout at maturity will be par unless any stock finishes below its 55% barrier level, in which case investors will lose 1% for each 1% decline of the least performing stock.
Barclays is the agent.
The notes (Cusip: 06741VGC0) will price Jan. 26 and settle on Jan. 31.
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