Barclays to price 8% contingent income autocallables linked to Shire

New York, July 17 – Barclays Bank plc plans to price contingent income autocallable securities due July 24, 2020 linked to the American Depositary Shares of Shire plc, according to a 424B2 filing with the Securities and Exchange Commission.

If Shire ADS close at or above the downside threshold level, 75% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of at least 8%. The exact rate will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if Shire ADS close at or above their initial level on any quarterly determination date other than the final determination date.

If the final ADS price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final price is less than the initial price.

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

The notes are expected to price on July 21 and settle on July 26.

The Cusip number is 06746L802.

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