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Barclays plans 8.5% autocallables due 2017 linked to four stocks
By Susanna Moon
Chicago, April 12 – Barclays Bank plc plans to price 8.5% autocallable notes due October 30, 2017 linked to the least performing of four common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The underlying companies are UnitedHealth Group Inc., Aetna Inc., Cigna Corp. and MetLife, Inc.
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 65% barrier level, in which case investors will be fully exposed to any losses of the worst performing stock.
Barclays is the agent.
The notes will price on April 26 and settle on April 29.
The Cusip number is 06741WBP4.
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