Barclays plans 10%-11% autocallable notes linked to three oil stocks

By Marisa Wong

Morgantown, W.Va., Nov. 14 – Barclays Bank plc plans to price autocallable notes due Nov. 30, 2018 linked to the least performing of the commons stocks of ConocoPhillips, Chevron Corp. and Marathon Oil Corp., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a monthly coupon at an annualized rate of 10% to 11%. The exact rate will be set at pricing.

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

The payout at maturity will be par unless any stock finishes below its barrier price, 50% of the initial price, in which case investors will lose 1% for each 1% decline of the least performing stock.

Barclays is the agent.

The notes will price Nov. 28 and settle on Nov. 30.

The Cusip number is 06741VDM1.

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