Barclays Bank plans contingent income autocallables linked to Alcoa

By Susanna Moon

Chicago, Nov. 7 – Barclays Bank plc plans to price contingent income autocallable securities due Nov. 17, 2017 linked to Alcoa, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 2.8125% if the stock closes at or above its 75% barrier level on the observation date for that quarter.

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

The payout at maturity will be par plus the final coupon unless the stock finishes below its 75% trigger level, in which case investors will be fully exposed to any losses.

Barclays is the agent.

The notes will price on Nov. 14 and settle on Nov. 19.

The Cusip number is 06742Y493.

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