Barclays plans 9% autocallable notes linked to four stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 10 – Barclays Bank plc plans to price autocallable notes due Aug. 28, 2018 linked to the least performing of the commons stocks of Aetna Inc., Cigna Corp., UnitedHealth Group Inc. and MetLife, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 9%.

The notes will be called at par if each stock closes at or above its initial share price on any quarterly call valuation date.

The payout at maturity will be par unless any stock finishes below its barrier level, 65% of its initial share price, in which case investors will lose 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

The notes will price on Feb. 23.

The Cusip number is 06741WCD0.

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