Barclays intends to price autocallable notes linked to three stocks

By Devika Patel

Knoxville, Tenn., March 22 – Barclays Bank plc plans to price autocallable notes due March 29, 2019 linked to the least performing of the common stocks of Valero Energy Corp., 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 11% to 12%. The exact coupon will be set at pricing.

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 barrier level, 55% of its initial level, in which case investors will lose 1% for each 1% decline of the least performing stock.

Barclays is the agent.

The notes (Cusip: 06741VLM2) will price March 28 and settle on March 31.

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