Barclays to price contingent interest autocallables on Eli Lilly

By Marisa Wong

Morgantown, W.Va., Jan. 18 – Barclays Bank plc plans to price autocallable contingent interest notes due Feb. 7, 2018 linked to the common stock of Eli Lilly and Co., according to an FWP filing with the Securities and Exchange Commission.

Each quarter, the notes will pay a contingent coupon at the rate of at least 9.4% per year if Eli Lilly shares close at or above the trigger level, 80% of the initial share price, on the review date for that quarter.

The notes will be automatically called at par plus the contingent coupon if Eli Lilly shares close at or above the initial share price on any quarterly review date other than the final review date.

The payout at maturity will be par plus the final contingent interest payment unless the final share price is less than the trigger level, in which case investors will be fully exposed to the share price decline.

Barclays is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

The notes will price Jan. 20.

The Cusip number is 06741VHL9.

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