Barclays plans contingent income autocallable notes on Union Pacific

New York, Aug. 28 – Barclays Bank plc plans to price contingent income autocallable securities due Sept. 7, 2018 linked to Union Pacific Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 8.05% 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 price on any determination date other than the final date. The determination dates are quarterly beginning Dec. 4.

The payout at maturity will be par plus the final coupon unless the shares finish below the downside threshold level, in which case investors will receive a number of Union Pacific shares equal to $10 divided by the initial price or, at the issuer’s option, the cash equivalent.

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

The notes will price on Sept. 4 and settle on Sept. 10.

The Cusip number is 06743Q655.

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