Barclays plans 9.05% autocallables linked to tech stocks

By Sarah Lizee

Olympia, Wash., Oct. 24 – Barclays Bank plc plans to price 9.05% autocallable notes due Oct. 31, 2022 linked to the least performing of the common stock of Netflix, Inc., the common stock of Amazon.com, Inc., the common stock of Apple Inc. and the class C common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be automatically called at par if each stock closes at or above its initial share price on any quarterly observation date after six months.

The payout at maturity will be par unless any stock finishes below its barrier value, 60% of its initial share price, in which case investors will be exposed to the decline of the least-performing stock from its initial share price.

Barclays is the agent.

The notes will price on Oct. 28.

The Cusip number is 06741WFK1.

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