Barclays plans contingent income autocallables tied to General Motors

By Susanna Moon

Chicago, Feb. 8 – Barclays Bank plc plans to price contingent income autocallable securities due Feb. 13, 2020 linked to General Motors Co. stock, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 12.2% if the shares close at or above the 75% downside threshold on the observation date for that quarter.

The notes will be called at par plus the contingent coupon if GM shares close at or above initial level on any determination date other than the final date.

The payout at maturity will be par plus the final coupon unless the shares finish below the 75% downside threshold, in which case investors will lose 1% for each 1% decline.

Barclays is the agent. Morgan Stanley Wealth Management is a dealer.

The notes will price on Feb. 10 and settle on Feb. 15.

The Cusip number is 06744M182.

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