Barclays plans contingent income autocallables linked to Weatherford

By Susanna Moon

Chicago, Nov. 18 – Barclays Bank plc plans to price contingent income autocallable securities due Nov. 27, 2015 linked to Weatherford International plc shares, according to a 424B2 filing with the Securities and Exchange Commission.

If Weatherford shares close at or above the barrier level, 70% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment of 3.75% for that quarter.

The notes will be called at par of $10 plus the contingent coupon if Weatherford shares close at or above the initial share price on any quarterly determination date other than the final determination date.

If the stock finishes at or above the barrier level, the payout at maturity will be par plus the final contingent coupon.

Otherwise, investors will receive a number of Weatherford shares equal to $10 divided by the initial share price or, at the issuer’s option, the cash equivalent.

Barclays is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price on Nov. 21 and settle on Nov. 26.

The Cusip number is 06740D590.

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