Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Visa Inc. > News item |
Barclays plans three-year contingent income autocallables tied to Visa
By Susanna Moon
Chicago, Jan. 14 – Barclays Bank plc plans to price contingent income autocallable securities due Jan. 25, 2019 linked to the class A common stock of Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes pay a contingent quarterly coupon at an annual rate of 8.35% if the stock closes at or above its barrier level, 80% of its initial index level, on the determination date for that quarter.
The notes will be called at par of $10 plus the contingent coupon if the stock closes at or above its initial index level on any quarterly determination date other than the final one.
The payout at maturity will be par plus the final contingent coupon unless the stock finishes below the 80% barrier level, in which case investors will be fully exposed to any losses.
Barclays is the agent Morgan Stanley Wealth Management with handling distribution.
The notes will price on Jan. 22 and settle on Jan. 27.
The Cusip number is 06743T147.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.