Barclays plans 12.25% autocallable notes linked to three stocks

By Wendy Van Sickle

Columbus, Ohio, Feb. 21 – Barclays Bank plc plans to price autocallable notes due Feb. 28, 2019 linked to the least performing of the commons stocks of Nordstrom, Inc., Wal-Mart Stores, Inc. and Macy’s Inc., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 12.25%.

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

The payout at maturity will be par unless any stock finishes below its initial level and any stock has closed below its barrier level, 50% of its initial share price, any day during the life of the notes, in which case investors will receive either cash or shares of the least-performing stock reflecting a 1% for each 1% decline of the least-performing stock.

Barclays is the agent.

The notes will price on Feb. 24.

The Cusip number is 06741WCE8.

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