Barclays plans contingent income autocallables tied to Whole Foods

By Jennifer Chiou

New York, Jan. 12 – Barclays Bank plc plans to price contingent income autocallable securities due Jan. 19, 2018 linked to Whole Foods Market, Inc. shares, according to an FWP with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.2% if the stock closes at or above its 80% barrier level on the observation date for that quarter.

The notes will be redeemed at par of $10 plus the contingent payment if the stock closes at or above the initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the stock finishes below its 80% trigger level, in which case investors will be fully exposed to any losses.

The notes (Cusip: 06740D533) will price on Jan. 16 and settle on Jan. 22.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

© 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.