Barclays to price contingent income autocallables linked to Facebook

By Wendy Van Sickle

Columbus, Ohio, Oct. 22 – Barclays Bank plc plans to price contingent income autocallable securities due Nov. 2, 2018 linked to the common stock of Facebook, Inc., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of at least 10.35% if the shares close at or above the 75% downside threshold level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial level on any quarterly determination date.

The payout at maturity will be par of $10 plus the final coupon unless the shares finish below the downside threshold level, in which case investors will be fully exposed to losses.

Barclays Capital Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Oct. 30 and settle on Nov. 4.

The Cusip number is 06743Q184.

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