Barclays plans contingent income autocallable notes linked to Potash

By Susanna Moon

Chicago, April 25 - Barclays Bank plc plans to price contingent income autocallable securities due May 5, 2017 linked to Potash Corp. of Saskatchewan Inc. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 2% if Potash stock closes at or above the barrier level, 80% of the initial share price, on a determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock closes at or above the initial share price on any determination date other than the final determination date.

If the notes are not called and the final share price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the contingent coupon.

Otherwise, the payout will be a number of Potash shares equal to $10 divided by the initial share price or, at the issuer's option, a cash amount equal to the value of those shares.

Barclays is the agent.

The notes will price on May 2 and settle on May 7.

The Cusip number is 06742K451.

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