Barclays plans contingent income autocallable notes linked to Walgreen

By Susanna Moon

Chicago, June 27 – Barclays Bank plc plans to price contingent income autocallable securities due July 7, 2017 linked to Walgreen Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 2.1% if Walgreen stock closes at or above the 75% barrier level on the determination date for that quarter.

The notes will be called at par plus the contingent coupon if the stock close at or above its level on any quarterly determination date other than the final date.

If the notes are not called and Walgreen stock finishes at or above the 75% barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of shares of Walgreen stock equal to $10 divided by the initial share price or, at the issuer's option, the cash value of those shares.

Barclays is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on July 3 and settle on July 9.

The Cusip number is 06742W489.

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