Barclays plans contingent income autocallables linked to Ford Motor

By Susanna Moon

Chicago, July 7 – Barclays Bank plc plans to price contingent income autocallable securities due July 17, 2017 with step-up redemption threshold level linked to Ford Motor Co. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of 2.0125% if Ford Motor stock closes at or above the 80% 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 redemption threshold level on any quarterly determination date other than the final date.

The redemption threshold will be 105% of the initial share price for the first four determination dates, stepping up to 110% of the initial share price for the next four determination dates and to 115% of the initial price for the three determination dates after that.

If the notes are not called and Ford Motor stock finishes at or above the 80% barrier level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will receive a number of shares of Ford Motor 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 11 and settle on July 16.

The Cusip number is 06742W448.

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