Barclays plans autocallable contingent interest notes on Amazon.com

Chicago, Dec. 19 – Barclays Bank plc plans to price autocallable contingent interest notes due Jan. 8, 2020 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of 10% per year if Amazon shares close at or above the coupon barrier level, 72.25% of the initial share price, on the observation date for that quarter.

The notes will be automatically called at par plus the contingent coupon if Amazon shares close at or above the initial share price on any observation date other than the final review date.

The payout at maturity will be par plus the final contingent interest payment unless the final share price is less than the 72.25% buffer value, in which case investors will lose 1.3841% for each 1% decline in the share price.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price Dec. 21 and settle Dec. 27.

The Cusip number is 06747M4Z6.

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