Barclays plans two-year phoenix autocallables linked to three stocks

By Susanna Moon

Chicago, July 20 – Barclays Bank plc plans to price phoenix autocallable notes due July 25, 2019 linked to the common stocks of Continental Resources, Inc., Bank of the Ozarks, Inc. and Finisar Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 24.5% if each underlying stock closes at or above its 60% coupon barrier on the observation date for that quarter.

The notes will be called at par of $1,000 plus the contingent coupon each stock closes at or above its initial price on any quarterly observation date.

The payout at maturity will be par plus the contingent coupon unless the worst performing stock finishes below its 60% 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 on July 21.

The Cusip number is 06741WCP3.

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