Barclays plans contingent income autocallables linked to two stocks

By Susanna Moon

Chicago, July 25 – Barclays Bank plc plans to price contingent income autocallable securities due Aug. 4, 2017 linked to the worse performing of the common stocks of JPMorgan Chase & Co. and Bank of America Corp. shares, according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon of at least 2.0625% if each 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 each stock closes at or above its initial level on any quarterly determination date other than the final date.

If the notes are not called and each 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 the worse performing stock equal to $10 divided by the initial share price or, at the issuer's option, the cash equivalent.

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

The notes will price on Aug. 1 and settle on Aug. 6.

The Cusip number is 06742W315.

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