Barclays plans 6%-8% airbag autocallable yield notes tied to Humana

By Susanna Moon

Chicago, July 20 – Barclays Bank plc plans to price 6% to 8% airbag autocallable yield optimization notes due July 28, 2017 linked to Humana Inc. shares, according to an FWP with the Securities and Exchange Commission.

Interest will be payable monthly, with the exact rate to be set at pricing.

The notes will be called at par if Humana shares close at or above the initial share price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Humana shares equal to $1,000 divided by the conversion price. The conversion price will be 82% of the initial share price.

UBS Financial Services Inc. and Barclays are the agents.

The notes will price on July 22 and settle on July 27.

The Cusip number is 06740Q328.

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