Barclays plans 9.15% contingent income autocalls tied to LyondellBasell

By Susanna Moon

Chicago, May 30 – Barclays Bank plc plans to price autocallable contingent income barrier notes due June 4, 2021 linked to LyondellBasell Industries NV stock, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annualized rate of 9.15% if the stock closes at or above the 75% coupon barrier on the observation date for that quarter.

The notes will be called at par if the stock closes at or above its initial level on any valuation date other than the final date.

The payout at maturity will be par unless the underlying stock finishes below its 75% downside threshold, in which case investors will be fully exposed to any losses.

Barclays is the underwriter. Morgan Stanley Wealth Management is the dealer.

The notes will price on June 1.

The Cusip number is 06746T508.

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