Barclays plans contingent income autocallables linked to Marathon Oil

By Marisa Wong

Morgantown, W.Va., Nov. 13 – Barclays Bank plc plans to price contingent income autocallable securities due May 25, 2016 linked to the common stock of Marathon Oil Corp., according to an FWP filing with the Securities and Exchange Commission.

The notes will pay a contingent monthly coupon of at least 1.4583% if the shares close at or above the 70% downside threshold level on the determination date for that month. The exact coupon will be set at pricing.

The notes will be called at par plus the contingent coupon if the stock closes at or above 95% of the initial value on any determination date other than the final date.

If the final share 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 share price is less than its initial share price.

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

The notes will price on Nov. 20 and settle on Nov. 25.

The Cusip number is 06743T840.

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