Barclays plans autocallable trigger PLUS linked to Procter & Gamble

By Susanna Moon

Chicago, Aug. 29 – Barclays Bank plc plans to price 0% autocallable trigger Performance Leveraged Upside Securities due Sept. 8, 2017 linked to Procter & Gamble Co. shares, according to an FWP filing with the Securities and Exchange Commission.

If the stock closes at or above 115% of the initial price on March 7, 2016, the notes will be redeemed at the early redemption payment, which will be at least $11.50 per $10 principal amount.

If the notes are not called and the final share price is greater than the initial price, the payout at maturity will be par plus at least 135% of the gain.

If the stock finishes at or above 80% of the initial price, the payout will be par.

Otherwise, the payout will be a number of shares of Procter & Gamble stock equal to $10 divided by the initial price or the cash equivalent.

The exact deal terms will be set at pricing.

Barclays is the agent.

The notes will price on Sept. 5.

The Cusip number is 06740D707.

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