Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barclays Bank plc > News item |
Barclays plans to price 8% autocallable notes linked to three stocks
By Angela McDaniels
Tacoma, Wash., Oct. 2 – Barclays Bank plc plans to price 8% autocallable notes due Oct. 9, 2019 linked to the least performing of the common stocks of American Express Co., PayPal Holdings, Inc. and Capital One Financial Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable monthly.
The notes will be called at par if each stock closes at or above its initial share price on any quarterly call valuation date.
The payout at maturity will be par unless any stock finishes below its barrier price, 60% of its initial share price, in which case investors will receive par minus 1% for every 1% that the worst-performing stock declines from its initial share price or, at the issuer’s option, a number of shares of the least-performing stock equal to $1,000 divided that that stock’s initial share price.
Barclays is the agent.
The notes will price Oct. 4.
The Cusip number is 06741WDB3.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.