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Barclays to price phoenix autocallable notes linked to three stocks
By Angela McDaniels
Tacoma, Wash., June 19 – Barclays Bank plc plans to price phoenix autocallable notes due June 27, 2019 linked to the least performing of the common stocks of O’Reilly Automotive, Inc., Bank of America Corp. and Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at a rate of 13.1% per year if each stock closes at or above its barrier price, 60% of its initial share price, on the related quarterly observation date.
The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly determination date.
The payout at maturity will be par unless any stock finishes below its barrier level, in which case investors will lose 1% for each 1% decline of the worst-performing stock.
Barclays is the agent.
The notes will price June 23.
The Cusip number is 06741VZ21.
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