Barclays plans 11%-12% autocallables due 2018 tied to three oil stocks

By Susanna Moon

Chicago, Sept. 22 – Barclays Bank plc plans to price 11% to 12% autocallable notes due Oct. 2, 2018 linked to the least performing reference asset of three common stocks, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly, with the exact rate to be set at pricing.

The underlying companies are ConocoPhillips, Chevron Corp. and Marathon Oil Corp.

The notes will be called at par if each stock closes at or above its initial level on any quarterly call date.

The payout at maturity will be par unless any stock finishes below its 60% barrier level, in which case investors will be exposed to any losses of the worst performing stock.

Barclays is the agent.

The notes will price on Sept. 27 and settle on Sept. 30.

The Cusip number is 06741VAK8.

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