Barclays plans 6%-8% airbag yield autocallables linked to SunEdison

By Toni Weeks

San Luis Obispo, Calif., Dec. 3 – Barclays Bank plc plans to price 6% to 8% airbag autocallable yield optimization notes due Dec. 11, 2015 linked to the common stock of SunEdison, Inc., according to an FWP filing with the Securities and Exchange Commission.

Interest will be payable monthly. The exact coupon will be determined at pricing.

The notes will be automatically called at par plus the coupon if the stock closes at or above the initial share price on any quarterly observation date.

If the notes are not called, 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 SunEdison shares equal to $1,000 divided by the conversion price. The conversion price is 62.5% of the initial share price.

The notes (Cusip: 06742Y287) are expected to price Dec. 5 and settle Dec. 10.

UBS Financial Services Inc. and Barclays are the agents.

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