Barclays plans contingent income autocallables linked to Disney stock

New York, Sept. 4 – Barclays Bank plc plans to price contingent income autocallable securities due Sept. 14, 2018 linked to the common stock of Walt Disney Co., according to an FWP filing with the Securities and Exchange Commission.

If Disney stock closes at or above the downside threshold level, 80% of the initial share price, on a quarterly determination date, the notes will pay a contingent payment that quarter at an annualized rate of at least 9.4%. The exact rate will be set at pricing.

The notes will be called at par of $10 plus the contingent coupon if Disney stock closes at or above the initial price on any quarterly determination date other than the final determination date.

If the final stock price is greater than or equal to the downside threshold level, the payout at maturity will be par plus the final contingent coupon. Otherwise, investors will lose 1% for every 1% that the final stock price is less than the initial price.

Barclays Capital Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes are expected to price on Sept. 11 and settle on Sept. 16.

The Cusip number is 06743Q556.

The estimated initial value is between $9.300 and $9.621 per $10 principal amount.

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