Barclays to price autocallables linked to United States Steel stock

By Angela McDaniels

Tacoma, Wash., June 5 – Barclays Bank plc plans to price 0% autocallable securities due June 12, 2020 linked to the common stock of United States Steel Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be redeemed at par of $10 plus a call premium of 12.3% per year if the stock closes at or above the threshold value, 85% of the initial share price, on any quarterly determination date.

If the notes are not called and the final share price is greater than or equal to the threshold value, the payout at maturity will be par plus 36.9%. If the final share price is less than the threshold value, investors will lose 1% for every 1% that the stock declines from its initial share price.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price June 9.

The Cusip number is 06746K622.

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