Barclays plans contingent income autocallables linked to Genworth

By Jennifer Chiou

New York, Nov. 17 – Barclays Bank plc plans to price contingent income autocallable securities due Nov. 27, 2015 linked to Genworth Financial, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will pay a contingent quarterly payment of at least 3.25% if the stock closes at or above its 65% 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 65% trigger level, in which case investors will be fully exposed to any losses.

The notes (Cusip: 06740D640) will price on Nov. 21 and settle on Nov. 26.

Barclays is the agent.

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