Barclays plans contingent income autocallable notes linked to Potash

By Susanna Moon

Chicago, Aug. 12 - Barclays Bank plc plans to price contingent income autocallable securities due Aug. 21, 2014 linked to Potash Corp. of Saskatchewan Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will a contingent payment of at least 2.825% for each quarter that Potash stock closes at or above the downside threshold level - 75% of the initial share price - on a quarterly determination date. The exact contingent quarterly payment will be set at pricing.

If the stock closes at or above the initial share price on any of the first three quarterly determination dates, the notes will be redeemed at par plus the contingent payment.

The payout at maturity will be par plus the contingent payment unless the final share price is less than the downside threshold level, in which case the payout will be a number of Potash shares equal to the principal amount of notes divided by the initial share price or, at Barclays' option, the cash value of those shares.

Barclays is the agent with Morgan Stanley Smith Barney LLC as dealer.

The notes will price on Aug. 16 and settle on Aug. 20.

The Cusip number is 06742D358.

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